Seeking Alpha

Stock index futures fall nearly 1% from their highs as they look over their shoulder and see...

Stock index futures fall nearly 1% from their highs as they look over their shoulder and see soaring Treasury yields. The 10-year is now at a 2-year high of 2.69% while the 5-year at 1.58% has risen to about the level the 10-year was at a couple of months ago! Trading is no doubt somewhat thin with max bandwidth levels from favored vacation spots being tested. S&P 500 (SPY) +0.55%, Nasdaq (QQQ) 100 +0.4%.
Comments (7)
  • Gosho
    , contributor
    Comments (55) | Send Message
     
    Lovely...It's like a doctor saying to the patient - your cancer is cured and the patient starts crying, and asking God - whyyy, why did this happen to me?
    Americans are really weird people and that's been proved once again.
    Happy trading and have a nice weekend.
    Regards,
    George
    5 Jul 2013, 09:21 AM Reply Like
  • june1234
    , contributor
    Comments (2344) | Send Message
     
    Dow futures were up 190 pts down to 70 now. Since end of May as treasury yields rise stocks go down, good news becomes bad news in that environment
    5 Jul 2013, 10:04 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (3892) | Send Message
     
    Favorite short for 2013, TMF, down 30% YTD for the first time. More to come: http://seekingalpha.co...
    5 Jul 2013, 10:25 AM Reply Like
  • Preston Moore
    , contributor
    Comments (32) | Send Message
     
    What about your short in ZSL? It's up 120%!
    5 Jul 2013, 04:46 PM Reply Like
  • Grant Dossetto
    , contributor
    Comments (135) | Send Message
     
    Just bought bonds...they look awfully attractive here compared to stocks.
    5 Jul 2013, 12:23 PM Reply Like
  • th3decider
    , contributor
    Comments (247) | Send Message
     
    Seriously? You think the single-most over-bought and over-owned asset class that appears to be exhibiting behavior of a 30-year bubble popping is attractive? I would hate to see what you find ugly...
    5 Jul 2013, 03:57 PM Reply Like
  • Snaphil
    , contributor
    Comments (12) | Send Message
     
    Née the best in the bunch!
    7 Jul 2013, 07:52 PM Reply Like
DJIA (DIA) S&P 500 (SPY)