Since I saw that TNX MACD two line weekly chart I've been thinking of scenarios where the long end crashes, if ever so briefly. Just for fun. I have penciled in a serious fall in stocks as a likely trigger. Maybe something else. If a plunge to 2% or lower happened then the Feds loss of control would be obvious to even the most dim witted. Then what? Who know? Scenarios rarely play out anyway. Still if it happened I'd bet the ranch on shorting Treasuries.
It would be Black Monday 87, in reverse.