Treasuries Not Impressed

You would cry too if it happened to you
--Leslie Gore

Rumors of a budget deal and nomination of Janet Yellen as next Fed chair sent stocks flying higher into the end of the week. Treasuries, however, have yet to join the party.

While not textbook in appearance, ten year yields are getting a cup and handlish look to them.

If the T-note continues to trade heavy, the 50 day (2.75%) and then 30.0 (3.00%) will be the resistance levels of lore for the TNX.

position in SPX