$TNX & short term yields breaking support levels

While the #fed reserve has made it clear they're not stopping rate increases yet, #bonds yields put a top in days ago. $TNX actually did it some time ago!

We noticed certain sectors, like insurance, began lowering premiums done time ago. Did they know something was start didn't?

Small community banks are getting crushed and if rates crater it may alleviate the balance sheets of those remaining.

Anyway, the fed tends to overdo everything they do. Many are calling recession or something much harsher. Time will tell but banks going busy is not a good sign.