For One Bank, This Is ‘One Of The Most Striking Developments Of The Past Few Weeks’

Following retail sales data in the U.S. on Tuesday morning, 10Y yields surged to another new "since 2014" high, breaching 3.04% on the way to 3.0539%, the highest since 2011: So you know, if you're in the "stocks can't stomach a material rise in 10Y yields" crowd, then I suppose there's reason for concern. If you're worried about diversification desperation (i.e., a scenario when bonds no longer act as buffer when equities are sel

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