Wednesday, January 19, 2022

TNX hovering at 1.9 ...

with rising rates, imagine what can/will happen to all those securities ($9T world-wide) which have yielding negative rates ?

SPX touched 4535 ON, 5.67% down from peak, NASDAQ retreats from 10% mark 

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!