Investors suddenly dumping U.S. government treasuries. U.S. bond market melting down overnight.
As a result, U.S. 10-year bond yields hit 3.20%, a 7-year high . . . believe Cdn 10-year approached 2.5%. Market must now encourage investors to pick up this paper, but rates must rise to entice fresh investment. This bond rout was expected to blow at some point . . . this might be it, we'll see.
This suggests higher interest rates soon and possible pressure on equity markets.
Interesting fact for current historic U.S. stock market rally . . . there are now more stocks in-decline than than rising. Not a sign of a healthy stock market rally (IMO).
As a result, U.S. 10-year bond yields hit 3.20%, a 7-year high . . . believe Cdn 10-year approached 2.5%. Market must now encourage investors to pick up this paper, but rates must rise to entice fresh investment. This bond rout was expected to blow at some point . . . this might be it, we'll see.
This suggests higher interest rates soon and possible pressure on equity markets.
Interesting fact for current historic U.S. stock market rally . . . there are now more stocks in-decline than than rising. Not a sign of a healthy stock market rally (IMO).
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