🚨 Dow Dumps 800 Points as Yields Spike & Trade Hopes Crack 🚨

Risk-Off Mode Engaged: Debt Fears, Chip Wars, and a Bond Bloodbath

📉 Market Recap – Yields Up, Stocks Down, Reality Bites

Wall Street got smacked on Wednesday as the Treasury market hijacked the narrative and reminded everyone just how fragile this rally really is.

• Dow Jones: 🔻1.91% (–800 pts 💀)

• S&P 500: 🔻1.61%

• Nasdaq: 🔻1.41%

🧨 What set it off? A terrible 20-year bond auction + new warnings from DC = full-blown yield spike meltdown.

📈 Bond Market: “We Have a Problem”

💣 20Y auction = weak demand = yields go vertical

• 🔺 10Y: 4.59%

• 🔺 30Y: 5.09% (highest since 2023)

Citi called it: narrative has shifted from “tariffs are cooling” to “debt is exploding.” Traders finally noticed.

📉 Real estate, small caps, and high-beta names got torched. Russell 2000: –2.8%.