Sep. 14 at 7:59 PM
Recession Risk Has A Tell
$JPM $TLT #10Y #Banks
Samantha LaDuc notes that the risk worth watching now: banks. They may be one of the first places to signal if rising yields, fiscal stress and slowing growth are becoming something more serious.
Meanwhile, bond bulls need to defend
$TLT 80.51 heading into FOMC. A bounce is possible, but further weakness next week remains a real risk.
And don’t blame it all on oil: yields marched higher even when oil fell sharply. With the 10Y yield now testing 4.99%, the bigger issue is term premium and bondholders demanding more compensation for risk.
Watch banks, bonds and yields together.
https://youtu.be/AIe_phWrJkE