Yields moving higher quickly today are a reminder that interest expense is skyrocketing at a terrifying pace because rates started moving up with ever-rising debt levels over the last two years, after being suppressed by low Fed Funds rates and QE policies in the years prior. pic.twitter.com/mxEMpkotTb
— David Sommers (@dgsommersmkts) May 28, 2024
The bond market did not like that 5 year Treasury auction today.
The 10 year yield went straight vertical to well over 4.5% into the close 💀 pic.twitter.com/2ZwKOF7oCM
— QE Infinity (@StealthQE4) May 28, 2024
— Uncle Milty’s Ghost (@his_eminence_j) May 28, 2024
For the 1st time since the pandemic, more BBB-rated borrowers have negative than positive credit outlooks in the US.
Currently, 5.7% share of the lowest-quality investment-grade bonds are at risk of being cut to “junk” status, the most since 2021.
This portion has DOUBLED in… pic.twitter.com/Wf6LDX6xhY
— The Kobeissi Letter (@KobeissiLetter) May 28, 2024
Stock Market Crash "Hindenburg Omen" Triggered 🚨
The Hindenburg Omen, an indicator that correctly predicted the 1987 and 2008 stock market crashes, has been triggered! pic.twitter.com/OR2ZomPi9V
— Barchart (@Barchart) May 28, 2024