US equities were trading higher - in their ubiquitous manner - when suddenly the 10Y Yield spiked to 2.67% seemingly sparking a sudden round of panic-selling in stocks, pushing all the major indices into the red for the day.
The driver appeared to be the yield spike...
And then as stocks were slammed, so bonds rallied, pushing yields back down...
Have we reached the equity market"s Maginot Line with regard to bonds?
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