Higher real bond yields create a challenge for global equities valuations
Source: Bloomberg
Nice one by Steno research
While there are some fundamental reasons for US Treasury yields to keep rising (check out the Atlanta Fed Nowcast model poiting towards nearly 6% annualized real GDP growth in 3Q), what is currently going in China probably has some impact as well Source: Stenio research
The last time US 10Y yields were this far above sp500 dividend yields was sept/oct 2007 (BNP Paribas funds liquidate, Fed slashes rates, market peaks...)
Source: Bloomberg, www.zerohedge.com
This is not the price chart of a meme stock going under or a "pump and dump" altcoin
This is the Austria AA+ 100 year bond being hammered by the rise of bond yields... The price of the 100 year Austrian government bond has plunged near all-time lows and is trading 72% below its All-Time-High. Source: Bloomberg, HolgerZ
US real yields are at a 14-year high
Source: BofA
This is the largest short position ever in the US Treasuries 2 year note
Source: ISI chart
Bonds and stocks are tanking together... Are Chinese banks selling US Treasuries to 'fund' their yuan intervention?
Source: Bloomberg, www.zerohedge.com
An horrible 20-year JGB auction today tailed the most since 1987, showing that investors require a higher yield to buy JGB
Rising JGB yields threaten bonds worldwide, so we see EU and US sovereign yields accelerating their rise this morning. Source: Althea Spinozzi aka "The Bond girl"
