Stocks Slammed As Treasury Yields Explode Higher

After a positive night, US equity futures are suddenly sliding as Treasury yields spike further.

US 10Y Yields just broke above 1.40%…

Source: Bloomberg

10Y Yields are now at their highest since Feb 2020…

Source: Bloomberg

30Y Yields are now up over 10bps!

Source: Bloomberg

The dollar is also spiking…

Source: Bloomberg

And that spike has spooked stocks…

Get back to work Mr.Powell!