Stocks Slammed As 10Y Breaks Back Above 1.30%

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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