Yields, Dollar Spike As Jobs Report Threatens To Exacerbate Bond Rout

By Walt of The Heisenberg Report
Friday, February 2, 2018 11:05 AM EDT

Ok, well if what you were looking for was an AHE beat on top of a headline payrolls beat from Friday’s jobs report, you got it and the knee-jerk is 10Y yields spiking with the dollar.

As noted, this is a risk for stocks. It’ll be interesting to see if equities manage to shake off the continued yield rise. Here’s the reaction in the dollar and in USD/JPY:

Dollar

 

And here’s what everyone is watching:

Yields

 

So let’s see if equities can hold on if yields end up sustaining this spike for the duration of the day…

ES

 

Meanwhile, BofAML’s Michael Hartnett really – really – thinks it might be time to get the hell out of dodge.

Last week:

Warning

This week:

extreme

 

Disclosure: None of what I write here is to be construed as advice to buy or sell any kind of asset. It is merely my personal and not my professional opinion. Any asset can go to zero.

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