WS #13148
TLT falls below $82 for first time since 2004; 10Y yield at 4.739% and 69% odds of a September Fed hike pressure high-multiple tech and REITs.
Bond market rout and Fed hawkish repricing
TLT falls below $82 for first time since 2004; 10Y yield at 4.739% and 69% odds of a September Fed hike pressure high-multiple tech and REITs.