Bond Market Tremors Warn That Stocks Are Unprepared For 30-Year Treasury Yields Hitting 6%
The $40 trillion Treasury market is flashing warning signs that equity investors may be dangerously unprepared for a continued surge in long-term yields. The 30-year Treasury yield has now logged 11 consecutive sessions above 5%, its longest such stretch since May, reflecting a sustained and punishing selloff in government bonds. The 30-year yield climbed to…