Live Breaking News & Updates on Strategy Is Selling
Stay updated with breaking news from Strategy is selling. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Ian Lyngen of BMO Capital Markets 10-year yields broke through 1.25% during the overnight session on what can best be described as pressing a crowded trade. We re certainly onboard with a challenge of 1.25% and 1.273% (March 19th peak) beyond there, if for no other reason than late-Friday s selloff has created more questions than answers suggesting the underlying momentum evident during the overnight session must run its course before any retracement is in the offing. Moreover, the lack of an immediate bearish trigger also implies the recent bout of weakness has taken on a different character than had the march toward higher yields been accompanied by a fundamental data event or an influx of Treasury supply. In fact, the relatively smooth takedown of the February refunding left investors with the impression the supply concession in place prior to the auctions themselves would be sufficient. It s the reemergence of the bearish trend in the absence of an identifiable ....
StarvingLion » Tue 16 Feb 2021, 17:52:53 The 10-YR IS SOARING..the stock market is DOOMED. Once it hits 3% GAME OVER. BUT WAIT THERE HAS BEEN A REGIME CHANGE.inflation DOES NOT MATTER. EVERYTHING IS GOING VERTICAL BECAUSE AMERICA IS A BANANA REPUBLIC With the yield on the 10-year Treasury note TMUBMUSD10Y, 1.299% moving back above 1.2%, a challenge of the 1.5% area, which is the equivalent of the dividend yield on the S&P 500 SPX, -0.06%, could soon be in store, wrote Sean Darby, global head of strategy at Jefferies, in a Tuesday note. That event “will probably coincide with the first test for the valuations of the higher PE stocks and the relative performance of the S&P 500 versus more loftier valued indices such as the Nasdaq-100,” he wrote, referring to the P/E, or price-to-earnings ratio, a common measure of stock market valuations. ....