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10 yr note yield vs gold weekly
I hope this is a relevant question for SCAN: see attached weekly chart of the 10 year note yield ($TNX) vs gold ($GOLD). This is a sort of John Murphy intermarket relationship type question: why have the note yield and the price of gold started drifting lower together for the last year and a half, rather than going opposite, which is what they classically do? What caused this major change in their intermarket relationship? (and of course, what would it take to re-establish their normal inverse correlation?). Thanks, Taz