Last Day of Q3, Highest Yields Since 2002 -VaR Shock/Bond Volatility Risk Surging

Wednesday’s session was a mostly dull affair in the equity space with half-hearted participation that dwindled throughout the day. The mega caps provided support, but 3C gave us an interesting tech signal in the early afternoon (see below). Fixed income was a different story entirely with yields ripping higher, despite dovish Fed-speak on Tuesday (what…