24 Aug 2023
Duration risk in one chart. $1 million invested in this Apple AAPL bond is now worth $600k, duration risk is on stage here.
Now think of all those mortgage-backed securities on bank balance sheets... Source: Lawrence McDonald, Bloomberg
23 Aug 2023
Higher real bond yields create a challenge for global equities valuations
Source: Bloomberg
23 Aug 2023
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
23 Aug 2023
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
23 Aug 2023
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
21 Aug 2023
US real yields are at a 14-year high
Source: BofA
21 Aug 2023
This is the largest short position ever in the US Treasuries 2 year note
Source: ISI chart
18 Aug 2023
Bonds and stocks are tanking together... Are Chinese banks selling US Treasuries to 'fund' their yuan intervention?
Source: Bloomberg, www.zerohedge.com
