- 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.
For further details see:
Growing Worries Over Rising Interest Rates