Yields don’t move like this unless something under the surface is breaking or already has
byu/RobertBartus inEconomyCharts
A sale of 20-year U.S. government bonds saw weak demand Wednesday, pushing the Treasuries to new lows for the year as yields climbed.
https://www.barrons.com/articles/20-year-treasury-bond-auction-bba9d889
Unpopular Opinion: This market move is closer to just starting than finishing.
Ask yourself this simple question. Are SMART people going to buy this dip knowing that we just made a new high in the 10y by 1bp vs last year?
I mean it is possible it is a double top, but if we…
— I Sell Options Guy (@RentYourStocks) May 21, 2025
Just like with the tariffs last month,
we about to find out what level of bond yields and the S&P 500 are necessary for Trump and Congress to course-correct on what is completely unsustainable fiscal policy.. Buckle up! pic.twitter.com/1Mn6mjErfY— Peter Berezin (@PeterBerezinBCA) May 21, 2025
https://twitter.com/rev_cap/status/1925181683969519717
Treasury Secretary Bessent's 10yr Scorecard – Above 4.62% and he gets a failing grade
The idea was lower government deficits would bring down inflation and bring down interest costs for all Americans.
The budget reconciliation process is leading to a likely outcome of larger… pic.twitter.com/QQNgGubsYg
— Craig Shapiro (@ces921) May 21, 2025
The bond market must see the Fed rate cuts as inflationary and doesn't like what it is seeing. And rising yields mean skyrocketing interest expense. https://t.co/c7Zbgkjhh2 pic.twitter.com/xNIIBMNCOx
— David Sommers (@dgsommersmkts) May 21, 2025
A bad bond auction may be what is needed to force D.C. to get their fiscal house in order. #SenseOfUrgency
— Chris Ciovacco (@CiovaccoCapital) May 21, 2025