US Greenback & VIX Spike, Nasdaq Slammed as Treasury Yields Surge
TEN-YEAR TREASURY YIELD SKYROCKING ABOVE 1.5% SENDS NASDAQ & EUR/USD SWOONING
- US Dollar spiking throughout afternoon commerce on Thursday as Treasury yields lengthen greater
- EM currencies below hearth with notable positive factors throughout USD/ZAR, USD/TRY, and USD/MXN
- S&P 500-derived VIX ‘worry-gauge’ jumps with the Nasdaq main inventory market declines
Market volatility is accelerating rapidly on Thursday led by one other sharp selloff of Treasury bonds. The 10-year Treasury yield simply exploded previous 1.5% and is inflicting a ripple impact throughout asset lessons. One giant motive for that is that the speed of return on US Treasuries now exceeds the estimated dividend yield on the S&P 500 Index.
Following poor 7-year public sale outcomes as we speak, Treasury yields prolonged their push greater on the heels of a 4.4bps tail. Which means patrons of US Treasury bonds have been solely prepared to pay a a lot cheaper price than the common worth. Alongside this, oblique (overseas patrons) had plummeted to 31.8%, which…