OOPS! US 10y yield gains edge over S&P 500 dividend yield, BBG reports. The yield on the benchmark 10y note reached highest in more than a year. 1.52% is now just above the S&P 500 Index dividend yield. pic.twitter.com/eYPjjlpQg9
— Holger Zschaepitz (@Schuldensuehner) February 25, 2021
Today’s market action highlights a threat that I’ve been worried about and detailed in my book: policy over-reliance on unconventional monetary policy placing #CentralBanks in a lose-lose situation. The #Fed is getting closer to that point, with economic/financial implications. t.co/Z0SBiSnzif
— Mohamed A. El-Erian (@elerianm) February 25, 2021
More pain pic.twitter.com/790CZmJX1e
— zerohedge (@zerohedge) February 25, 2021
Dow jones : Line of mercy depicted. pic.twitter.com/hBQ4VLotXi
— The Great Martis (@great_martis) February 25, 2021
From the highs: pic.twitter.com/UIPRMmIiKN
— Carl Quintanilla (@carlquintanilla) February 25, 2021
And nobody wanted puts. t.co/JlHEDtDPRm
— Sven Henrich (@NorthmanTrader) February 25, 2021
If bond yields go up again tomorrow we may see a real crash, margin calls etc.
This could be the big one.
— David Tracey (@David_Tracey) February 25, 2021
It wasn't the yields that made the market sell-off.
The market was overheated. It just needed a catalyst to sell-off.
— Hoz (@MFHoz) February 25, 2021