Treasury Yields Tumble As S&P Suffers 'Death Cross', Dollar Decline Continues

As Nomura's Charlie McElligott noted earlier, global investor confidence in USD-assets remains shaken, as the decade(s) of “US Exceptionalism” which was crowded-into (in order to have any chance at beating your benchmarks) as a de facto “Carry Trade” Long (funded by ROW Short) is now unwinding / being deleveraged, bleeding-out in an slow burning asset reallocation–trade...