The Bond Market Is Starting To Break The AI Melt-Up

Exploding

Rates are no longer quietly drifting higher. The latest breakout in long-end yields is now accelerating rapidly just as bond volatility explodes and one of the most crowded AI/momentum regimes in years starts wobbling.

The problem for bulls is that rates volatility still matters enormously for equities, especially at a time when positioning, leverage, and AI capex expectations remain stretched.