Yields Becoming a Bigger Headwind, Strategy Debt Repurchase Clouds Near-Term STRC Tailwind, HYPE Regulatory Risk Worth Paying For

Rising Sovereign Yields Finally Weighing on Risk Assets: Broader risk assets struggled today as the global sovereign debt selloff continued to intensify. U.S. 10-year yields pushed toward ~4.6%, the highest level since last May, while the 30-year moved well above 5%. Importantly, this is not just a U.S. story. Japanese, UK, and broader European sovereign debt markets continue to look increasingly unstable as pe...

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