Bond yields surge despite Fed cuts, exposing weakening control over markets.
The 10 year note yield is just causally up another +13 basis points today.
That's +85 basis points since the Fed started CUTTING interest rates.
And, no one seems to care.
Why has this become normal? pic.twitter.com/zoV9TshYmG
— The Kobeissi Letter (@KobeissiLetter) November 12, 2024
The front end of inflation swaps is ripping
Question is not if but when the FED is going to pause pic.twitter.com/2UNLeenKhY
— Alessio (@AlessioTMAD) November 12, 2024
How does Jerome Powell explain inflation coming in cold tomorrow, yet the yield curve keeps breaking upward? https://t.co/toa95yppeq pic.twitter.com/UFILmxohwb
— Financelot (@FinanceLancelot) November 12, 2024
With this move in bond yields, we are now just 10 basis points away from the Equity Risk Premium shifting negative. Ergo, investors are willing to pay to take on equity risk instead of getting paid to. pic.twitter.com/U7uzIOOuU1
— David Rosenberg (@EconguyRosie) November 12, 2024
Dow Jones.
Two words.
"Biblical" pic.twitter.com/W8DEMCWEjO
— The Great Martis (@great_martis) November 12, 2024