Stocks & Credit Crater As 10Y Treasury Yields Hit New Record Low

10Y Treasury yields have plunged back from yesterday small bounce, breaking to new record lows at 89bps…

And that has sent stocks reeling, erasing a majority of yesterday’s gains…

Small Caps and Trannies have erased all of yesterday’s gains…

Meanwhile, credit has quietly blown out to its widest since 2016…

This is not a good sign.

And the market is demanding 54bps MORE rate-cuts in March…

…or else!