Stocks Slump Into Red After Disastrous 30Y Bond Auction

07-11-2019 • https://www.zerohedge.com by Tyler Durdan

Following the disastrous massive tail in the 30Y Treasury bond auction, yields have exploded higher, but instead of reflexively rallying on the bond losses, stocks are sliding as we suspect Risk-Parity strategies are forced to rebalance in a hurry.