Stocks Slammed As Treasury Yields Explode Higher

Tyler Durden's Photo
by Tyler Durden
Wednesday, Feb 24, 2021 - 08:50 AM

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!