The so-called 'bond rout' has resumed this morning after a brief hiatus yesterday with 10Y Yield back above 1.30%...
Source: Bloomberg
And that appears to have spooked stocks with the entire market slumping below yesterday's lows ahead of the open...
This is the 3rd day in a row of significant selling pressure around the cash market open...
Damn it, Janet, so something!! Where's Mnuchin cell phone when we need it!?
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