Rates traders are getting nervous. Equity traders aren't. That divergence rarely lasts.
Bond Vol Is BackThe bond market is beginning to look increasingly uncomfortable. Long-end Treasury yields are testing major breakout levels, while bond volatility is accelerating. If these trends persist, equities may not be able to ignore them for much longer.The break out
Bond volatility is beginning to diverge from both the VIX and the S&P 500. Still early, but worth watching.
Oil → Rates → Bond Vol. The next link in the chain may be equities.
Treasury yields have climbed to their highest levels since 2007 as the relationship between equities and bonds turns sharply…
The bond market looks remarkably calm. It probably shouldn't.
The fragile nature of the Middle East ceasefire agreement sent bonds into reverse on Thursday.
The problem for equity bulls is that violent AI melt-ups become much harder to sustain once rates volatility starts breaking…
