Treasury Yields Spike Into 'Danger Zone' For Stocks

10Y Treasury yields are back above 2.90% - the highest since spiking on Powell hawkish comments- and back into what some have called the 'danger zone' for stocks...

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Last month's payrolls print (blue rectangle) prompted a spike in yields which sparked a drop in stocks and the collapse of XIV and the short-vol trade...

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This time is different... for now.