Countless times I have discussed the credit event and the divergence between a multitude of credit products and the equity markets. Today I want to zoom in to one specific credit product the 10 year treasury futures and show just how interrelated it is with the equity market. How studying the moves within treasury will simply help you understand the larger moves within equity.
In fact you can put all of the equity moves since the May 2011 highs in relatively decent perspective simply by comparing it to the treasury futures.
July 2011 Equity Selloff Treasury Breakout
In late July



