Episode Details

Bond yields are surging, but tech refuses to break.

In this episode of Market Pulse, we unpack the growing disconnect between an increasingly hostile rates backdrop and a market still being supported by systematic and algorithmic buying. Higher yields should be tightening financial conditions and pressuring long-duration equities — yet the tape is telling a more complicated story.

We break down what rising yields are signaling, why tech continues to attract flows, how positioning and market structure may be overpowering the macro signal, and what could happen if those mechanical buyers finally step away.

When fundamentals, rates, and flows point in different directions, the question isn’t just what the market should do — it’s what is actually driving the next trade.

Disclosure: This podcast is for informational and educational purposes only and should not be considered investment advice. Markets involve risk, and listeners should conduct their own research or consult a financial advisor before making investment decisions.