...US 10 yr yields did the exact opposite of 'celebrate', by...

...US 10 yr yields did the exact opposite of 'celebrate', by closing at almost its high for the day at 4.473pc (just shy of 4.479pc).

...this is now its highest close since the past month.

...meanwhile,
*REPUBLICAN TAX BILL RAISES DEBT LIMIT BY $4 TRILLION
https://x.com/zerohedge/status/1922002919550812306

...remember the Liz Truss moment? A bond market implosion is a BIG DEAL.
...Bessent better hopes the rescue train isn't too late, and needs to work harder to rein in his boss.

Yields are doing that thing again
https://x.com/Mayhem4Markets/status/1921961151899869539

While investors celebrated the relief rally in stocks and the dollar, they glossed over renewed weakness in the bond market. We are very close to a major breakdown in bonds, which will ultimately prove very problematic for the stock market and the dollar, but bullish for gold.
https://x.com/PeterSchiff/status/1922032040473473305