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The Global bond market is experiencing a frantic sell-off, with US Treasury yields quickly approaching 5%.
The 20-year US Treasury yield has already broken through 5%, while the UK 10-Year Treasury Notes Yield has also risen to 4.82%, reaching a new high since 2008. Inflation worries have prompted traders to lower their expectations for interest rate cuts by the Federal Reserve and the Bank of England this year, and at the same time, the market is weighing the impact of President Trump's policies.
The last time the US bonds dropped like this, the US stock market also crashed.
Recently, the rise of the 10-year U.S. Treasury yield is similar to the situation in 2022 and 2023, when the stock market experienced a substantial decline. Goldman Sachs stated that although the U.S. stock market is relatively stable now, the correlation between stock and bond yields has turned negative. If economic data falls short of expectations, the risk of a market correction in the short term may increase.
1/9 [Strong and Weak Materials]
[Bullish and Bearish Indicators] Bullish indicators: Dow Jones Industrial Average is rising (42,635.20, +106.84); 1 dollar = 158.30-40 yen; VIX index is decreasing (17.70, -0.12); active Share Buyback; requests from the Tokyo Stock Exchange for corporate value enhancement. Bearish indicators: Nasdaq Composite Index is falling (19,478.88, -10.80); Nikkei average is falling (39,981.06, -102.24); Chicago Nikkei Futures are falling (39,935, -25); SOX index is falling (5,162.35, -49).
