As investors flee U.S. Treasuries as well as 10-year rates rise, we're seeing this morn breakout weakness inwards the U.S. dollar vs. the euro (top chart) as well as continued describe inwards gilt (middle chart) as well as crude (bottom chart). Markets look to endure focused on the debt levels accumulating inwards the U.S., as well as they are expressing their lack of confidence inwards the greenback. It's hard to imagine that rising rates as well as a shrinking dollar practise an surroundings favorable for the long-term belongings of U.S. equities.
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