ShiftingOne of the market’s most important relationships has abruptly shifted. As Treasury yields surge toward post-crisis highs, equities are increasingly reacting like they did in prior inflationary eras: higher yields are no longer a sign of growth optimism — they are a problem.Highest since 07
The Bond Market Is Becoming Stocks’ Biggest Problem Again
Treasury yields have climbed to their highest levels since 2007 as the relationship between equities and bonds turns sharply negative.
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