Topley’s Top 10 – September 14, 2020

1. Bond Prices Did Not Move in Opposite Direction of Stocks During Recent Nasdaq -10% Selloff.

Barrons

Inker’s thesis played out in markets just a few days later. On Sept. 4, as the tech-stock selloff got under way, the Nasdaq Composite sold off by as much as 5.1% to close with a 1.3% loss. And Treasury bond prices, which move opposite to yields, also sank. The 30-year Treasury yield rose 0.12 percentage point to 1.46%, in one of the largest single-day increases since the height of the pandemic panic. The 10-year yield jumped, as well, climbing 0.09 of a percentage point.

Treasuries Lose Some Haven Luster. Here Are Some Alternatives for Safety.-By Alexandra Scaggs

https://www.barrons.com/articles/treasuries-lose-some-haven-luster-here-are-some-alternatives-for-safety-51599836401?mod=past_editions

10 Year Treasury Yield….Will it go lower if stocks continue sell off?

sc%3fs=%2524UST10Y&p=W&b=5&g=0&i=t0740822687c&r=1600022513111

www.stockcharts.com

Continue reading