8.7 C
New York
Thursday, March 28, 2024

Stocks Slump As Hawkish Fed Fears Send 10Y Yields Back Over 2.60%

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It appears the upwards revisions for retail sales and not missing expectations for the headline data is the good news that is bad news for markets. With just a few days until the FOMC, it seems market perceptions of potential fed hawkishness (no good excuses recently not to be) is weighing on bonds and stocks. Treasury yields are accelerating higher (10Y above 2.60% for first time since July) tracking oddly perfectly with USDJPY and stocks, having entirely decoupled from JPY, are tanking on the rising rates/Fed hawkishness concerns. Of course, it’s Friday so anything goes before we close.

Quite a week for bonds…

And stocks are giving it back quickly… (except Trannies)

As credit has been warning all week…

Charts: Bloomberg

*  *  *

Was retail sales the last best hope for bad news?

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x