- Wall Street had hoped the prior week's bond rout represented the worst of the selling pressure; Monday's session showed otherwise as yields climbed further.
- The persistent rise in yields is forcing investors to reassess how much more downside technology and growth equities can take before valuations crack.
- The yield shock is a macro-rates event; the source document frames the story around Treasury market dynamics and equity sensitivity, not around company-specific news.
Quotes
“Wall Street was hoping last week's bond rout was the worst of it. Monday indicated otherwise.”