Bonds Tumble As VIXnado Slams Stocks Higher

The long-bond yield is now up 10bps on the week (and 5Y -4bps) leaving the yield curve steepening by its most in 20 months. Thanks to a handy - we don't need no stinking protection - VIX slam, US equity markets have recovered to highs of the day as the buying panic of yesterday is replayed once again.




Now where have we seen this buying panic before?


Bonds getting slammed at the long-end...


pushing the yield curve notably steeper this week..


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