Editorial companion

What stands out

Phil Blancato and Hardika Singh point to a sharp, recent repricing in Treasuries, rising yields, higher inflation readings, and a bond sell-off that has spilled into stocks, calling the last few days "very problematic" for the bond market. The clip matters because it captures strategists wrestling with two linked risks at once: faster-than-expected rate pressure from rising yields and the market’s rapid revaluation of risk, a combination that tends to accelerate volatility rather than damp it.