JEPI - Growing Worries Over Rising Interest Rates

• Some earnings and revenue growth data was going to be added on the Financial sector, but given the drop in the 10-year Treasury this morning, with the 10-year Treasury yield now at 74 bps, a post dedicated to worries about rising interest rates made more sense.
• A steepening yield curve would no doubt help the Financial sector, but I think the 10-year Treasury yield would need to rise over 90 bps to start to make bond investors nervous.
• The bond vigilantes haven't gone away, they've just been punched in the teeth repeatedly the last two decades.

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