The 10-year yield and the $SPX are still moving in opposite directions. When bonds sell off (yields rise), stocks tend to fall. When bonds rally (yields drop), stocks tend to climb.
This inverse relationship has held for a while now. It's a reminder that the bond market still matters—a lot. Rising yields tighten financial conditions, make borrowing more expensive, and compete with equity valuations.
Worth watching if this correlation breaks. It usually does eventually. But for now, the bond market is still calling the shots for equities.
This inverse relationship has held for a while now. It's a reminder that the bond market still matters—a lot. Rising yields tighten financial conditions, make borrowing more expensive, and compete with equity valuations.
Worth watching if this correlation breaks. It usually does eventually. But for now, the bond market is still calling the shots for equities.