The so-called ‘bond rout’ has resumed this morning after a brief hiatus yesterday with 10Y Yield back above 1.30%…

Source: Bloomberg

And that appears to have spooked stocks with the entire market slumping below yesterday’s lows ahead of the open…

This is the 3rd day in a row of significant selling pressure around the cash market open…

Damn it Janet, so something!! Where’s Mnuchin cell phone when we need it!?