Following the disastrous massive tail in the 30Y Treasury bond auction, yields have exploded higher, but instead of reflexively rallying on the bond losses, stocks are sliding as we suspect Risk-Parity strategies are forced to rebalance in a hurry.
Yields surged…
But stocks tumbled…
As bond yields and stocks recouple…
via ZeroHedge News https://ift.tt/30slUQ3 Tyler Durden