The Ghosts Of Crises Past To Haunt The Midterms: Natixis Says A Democratic Sweep Could Exorcise The AI Bond Bear

"By the pricking of my thumbs, Something wicked this way comes."

That is how Natixis' Americas team (Benito Berber, Christopher Hodge, John Briggs and Selin Aker) opens its Halloween-eve "Across The Americas" note (available to pro subs), titled - appropriately enough - "The Ghosts of Crises Past to Haunt the Midterms." And while Macbeth's witches had the benefit of a cauldron, Natixis has something almost as spooky: a chart of 10Y real yields back at levels last seen in 2007 and 2008.