The Market Has Found Its Pain Threshold: Goldman Sachs Sees Higher Yields Starting to Crack the Weakest Links - The Dark Side Of The Boom
The Market Has Found Its Pain Threshold: Goldman Sachs Sees Higher Yields Starting to Crack the Weakest Links - The Dark Side Of The Boom
Source: The Dark Side Of The Boom
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DW NOTE
Goldman is marking where yield stress becomes solvency stress. When 10-year yields sit at 5.09% — up 28% year-over-year — the question isn't whether something breaks, it's what breaks first. Rising rates expose bad balance sheets the way a falling tide exposes shipwrecks.