THE only chart(s) that matter
US 10 year has gone up by almost 25 bps in a few sessions. This is big, period.
Evergrande this or that, but the US 10 year remains the world's most important asset.
Tech is the BIG rates play and remains the pillar of the equity market.
With US 10 year hitting 1.54% as of writing (1.55%$ is the huge level), that NASDAQ connection looks shaky.Last time yields traded here, NASDAQ was some 5% lower.Imagine we saw such a dip...?
Evergrande this or that, but the US 10 year remains the world's most important asset.
Tech is the BIG rates play and remains the pillar of the equity market.
With US 10 year hitting 1.54% as of writing (1.55%$ is the huge level), that NASDAQ connection looks shaky.Last time yields traded here, NASDAQ was some 5% lower.Imagine we saw such a dip...?
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