Exploding yields
Here’s what will cap the dead cat bounce in broader markets …
New 52-wk high today in US 10-year yields.
https://finance.yahoo.com/quote/%5ETNX?p=%5ETNX
And in Europe …
Hedged yields: Italian yields in dollars more attractive than 10-year Treasury pic.twitter.com/XJ9V4koxjj
— Global_Macro (@Marcomadness2) February 4, 2022
Time to take the money out of the Mattress and deposit it ?