Gold’s 2.25% single-day leap to $4,547.50 tells a story that equity investors are ignoring at their peril. While the S&P 500 drifted 0.59% higher and the VIX fell 3.38% to 15.74—suggesting complacency—precious metals and Treasuries are screaming a different message. The 10-year yield collapsed 58 basis points in price terms (falling to 4.46%) even as … Read more
The 14-basis-point plunge in the 10-year Treasury yield to 4.56% on May 23rd wasn’t just a reflexive flight-to-safety move—it was a structural repricing of Fed terminal rate expectations. When yields drop that sharply while the VIX barely budges (down just 0.36% to 16.70), you’re watching duration buyers step in with conviction, not panicked equity sellers … Read more
The bond market just delivered a wake-up call that matters far more than tonight’s headlines about Middle East ceasefires or tragic mosque shootings. The US 10-year Treasury yield spiked 14 basis points to 4.65% today—its largest single-day jump in seven weeks—while the VIX barely budged at 17.95, up a sleepy 0.73%. That divergence tells you … Read more