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?
the CTAs have arrived:
— zerohedge (@zerohedge) February 24, 2021
"The bond market sell-off has likely been amplified by CTAs as momentum signals shifted to their most bearish territory since 2018" - JPM
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!
Disclaimer: Copyright ©2009-2021 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies ...
more
Comments
