If the drop to week lows on Monday was due to the yield on 10 year treasuries rising above 1.5%, and the subsequent bounce on Tuesday and the rest of the week was due to a pause in that move, why are most bubble stocks at today’s close higher compared to where they were Monday (despite the 10 year treasury yield now being above 1.6%)?
The weekly review in charts is simply that nearly everything bounced hard off their price box or lower parallel and remain materially higher than their week lows despite the 10 year yield.
Needless to say, Saxobank’s fixed income expert Althea Spinozzi has been well worth following on twitter given the increased influence of treasury yields on equities: https://twitter.com/Altheaspinozzi/status/1370384115216814082
Felix qui nihil debet 