Stocks Slammed As Treasury Yields Explode Higher

After a positive night, US equity futures are suddenly sliding as Treasury yields spike further.

Who could have seen this coming?

US 10Y Yields just broke above 1.40%...

Source: Bloomberg

10Y Yields are now at their highest since Feb 2020...

Source: Bloomberg

30Y Yields are now up over 10bps!

Source: Bloomberg

The dollar is also spiking...

Source: Bloomberg

And that spike has spooked stocks...

Get back to work, Mr. Powell!

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