A plunge in prices across US Treasuries over the past 24 hours to reinforce higher yield moves across the UST yield curve seen since September, in reaction to a more hawkish tone from Jerome Powell.
This points to still higher yields in the short-term.
Furthermore, this price action has put some negative pressure on US equity markets.
The S&P 500 future is probing a key up trend line from the summer, below which could see a more negative technical picture.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-treasury-selloff-leaves-equities-vulnerable-and-risks-to-key-sp-500-support/