Harbinger?I've been reading stuff today saying that rising yields on US Treasury bonds and bills are starting to become a real worry. Bond yelds are inverse to bond prices. The higher the yield, then the lower the market value of the bond.
The fear that analysts have is that if treasury yields continue to rise, then the value of treasuries will ontinue to decline. We might reach a point where those who own those trillions of dollars in treasuries will want to offload them to limit the damage being done to their balance sheets.
So the worry is a stampede out of treasuries which will trigger soaring interest rates that will then trigger a massive sell-off in the equities markets.
Overblown, exagerated fears? Shorters cooking up some black swan, macro event in order to make a pile of cash? Plausible? Any opinions on this?