These U.S. 10-year levels will indicate whether market sell-off will worsen, Jim Bianco says (via TradingNation)
Those concerns contributed to market unease, but Bianco Research President Jim Bianco says the market's next move all comes back to one central theme: interest rates." on Monday he's looking to the Treasury market for evidence as to whether this sell-off will worsen or whether it's just a blip.
A move lower in Treasury yields would suggest a flight to quality bid, meaning investors are piling into bonds over stocks as the S&P 500 falls, he added. He said the 10-year declining to a level around 1.25% would bring that sense of relief.
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