As retail sales data printed, 10Y treasury yields spiked to their highest since 2014 (3.0465%) which seemed to spark a notable drop in US equity futures ahead of the open…
10Y Yield is within a fraction of a tick of the 1/2/14 high yield of 3.0516%…
which would take us back to July 2011…
30Y Yields are heading back into their resistance zone…
The Dollar Index is soaring (and the yield curve steepening)…
And that seemed to trigger equity futures selling…
VIX mini-flash-crashed as retail sales printed but as stocks sink, VIX is back above 13…
But, but, but… aren’t rates rising for the right reason?
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