History teaches: 16 times this happened in the markets. Each time something broke.
It's no longer just the level of the bond yield, also the rate of the surge is starting to worry the market • A Wall Street analyst examined 16 similar periods over the past five…
Assessment
The bond market is sending a signal that goes beyond elevated yields. An analyst has identified 16 historical parallels over five decades where both the level and the pace of yield increases matched current conditions. Each time, something broke in the financial system. The question is whether this cycle will follow the same pattern or diverge. Watch for stress in credit markets and leveraged positions.