Sometimes we think it’s likely lost on retail investors that “esoteric” things like 10Y yields and the market’s favorite go-to ignition mechanism USD/JPY are “kind of a big deal” (to quote Ron Burgundy).
So in an effort to inject a little dose of “cause and effect” reality into the blissfully ignorant world of retail BTFD’ers, we’re going to separate these charts.
One
Two
Three
Four
See how that works?
Here’s Bloomberg to help…
Treasuries rose to session highs, pushing 10Y yield below 2.31%, inside Friday’s range but below its YTD low close on Feb. 24, amid widespread declines for risk assets including U.S. stocks and USD/JPY.
Leave A Comment