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.

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. https://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

https://twitter.com/NorthmanTrader/status/1365042918596173833

If bond yields go up again tomorrow we may see a real crash, margin calls etc.

This could be the big one.

— Godzilla Trader 🦖 (@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.

— The Macro Pulse (@TheMacroPulse) February 25, 2021