Dow Drops 170 Points From Open As 2Y Yield Surges To Highest Since May 2010

What do Treasuries know that stocks don't?

But... "priced in"? "Non-Event"?

2Y yields are within a smidge of 1.00% for the first time since May 2010...

 

As The Dow dumps off opening highs into the red for the day...

 

But what do Treasuries know that stocks don't...

 

Charts: Bloomberg

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