ExplodingRates are no longer quietly drifting higher. The latest breakout in long-end yields is now accelerating rapidly just as bond volatility explodes and one of the most crowded AI/momentum regimes in years starts wobbling.The problem for bulls is that rates volatility still matters enormously for equities, especially at a time when positioning, leverage, and AI capex expectations remain stretched.
The Bond Market Is Starting To Break The AI Melt-Up
The problem for equity bulls is that violent AI melt-ups become much harder to sustain once rates volatility starts breaking higher.
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