Treasury Yield Spike Sparks Plunge In Stocks

US equities were trading higher  – in their ubiquitous manner – when suddenly the 10Y Yield spiked to 2.67% seemingly sparking a sudden round of panic-selling in stocks, pushing all the major indices into the red for the day.

 

 

The driver appeared to be the yield spike…

 

https://www.zerohedge.com/sites/default/files/inline-images/20180125_10Y.jpg

And then as stocks were slammed, so bonds rallied, pushing yields back down…

 

https://www.zerohedge.com/sites/default/files/inline-images/20180125_10Y2.jpg

Have we reached the equity market’s Maginot Line with regard to bonds?

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