CNBC Squawk July 3, 2024
Move higher in treasury yields in response to that jolts number. So, adding to the other concerns about supplier treasuries and all the rest, we did have some hot economic data. The question is, mike, where do you go when you are seeing yields move this fast and this far up . Because the safe havens that you go to during a weaker economy like Consumer Staples and utilities are getting whacked on the back of these higher rates because they pay high dividend. Theyre rate alternative. The cyclicals get hurt. Tech is getting hurt because you worry about valuations on the back of higher rates. What...