10Y Yield Spikes Back To Stock-Spooking Levels

The past week has seen US equities spooked as 10Y yields spike above 2.85%…

10Y yields just lurched even higher, near cycle highs…

As a reminder, the ‘good’ news of a budget deal and no government shutdown, means higher deficits and more Treasury supply, and with The Fed out of the bond-buying game, the search for the marginal buyer continues to push rates higher.