US 2Y Bond Auction Allocation At Awarded Yield 42.14% Vs 4.28% Prior

MORGAN STANLEY: rising global bond yields push developed-market equity-bond correlation near historical highs; historically when U.S. Treasury yields exceed ~4-5% and European government bond yields exceed ~3-3.5% higher yields start to weigh on stock valuations; strong earnings may let risk assets tolerate higher rates, but bond volatility is a medium-term risk and a larger driver of equity valuations over 6-12 months.

美國5月達拉斯聯儲新訂單指數 6.4，前值9.9。