Treasury yields

Nasdaq’s Three-Percent Rally Defies Rising Real Yields—Here’s Why It Won’t Last

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The Nasdaq surged 2.92% yesterday while the 10-year Treasury yield climbed 14 basis points to 4.28%, a combination that shouldn’t exist in the same universe according to the logic that has governed markets for the past eighteen months. Duration-sensitive growth stocks are supposed to crater when real yields spike, yet here we are watching mega-cap … Read more

Oil’s Seven-Percent Plunge Reveals Bond Market Trump Card Over Geopolitics

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Oil collapsed 7.62% to $91.53 today—its sharpest single-day decline in eight months—while the S&P 500 surged 2.12% and the Nasdaq rallied 3.08%. The bond market just told crude oil who’s really in charge. The ten-year Treasury yield dropped 86 basis points in the same session, VIX fell 3.87% to 18.38, and gold jumped 2.53% to … Read more