Top-Heavy Stock Rally Dares Bond Market, Bloomberg Says

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBloomberg reports a top-heavy stock rally is daring the bond market to disagree. Skip Waverly is live to explain who blinks first. Skip?

2. 

   Skip Waverly · Field CorrespondentHank, I'm outside a closed Treasury auction hall, and I'm told this is where bonds do their thinking. The lights are off.

3. 

   Skip Waverly · Field CorrespondentSo, very on brand.

4. 

   Skip Waverly · Field CorrespondentBloomberg says the rally leans on a small group of giant stocks, while bonds are sending a different, more nervous message about yields.

5. 

   Skip Waverly · Field CorrespondentThink of stocks as a toddler on a skateboard, and bonds as the parent running behind yelling. Nobody on this sidewalk is wearing a helmet.

6. 

   Hank Ledger · Lead AnchorSkip, is the parent winning? Or just out of breath?

7. 

   Skip Waverly · Field CorrespondentUnclear, Hank. Bloomberg's angle is uncertainty about yields, and honestly, same. A pigeon just stole my granola bar and gave me no guidance.

8. 

   Skip Waverly · Field CorrespondentAlso, a security guard says I can't stand here. I told him I'm a senior correspondent. He laughed.

9. 

   Skip Waverly · Field CorrespondentHank, that hurt more than any bond move.

10. 

    Hank Ledger · Lead AnchorYou are not a senior correspondent, Skip. You are a man holding a microphone near a locked door.

11. 

    Skip Waverly · Field CorrespondentRespectfully, Hank, that's how every desk job starts. Bonds can be wrong, stocks can be wrong, but I will be promoted. Probably Thursday.

12. 

    Hank Ledger · Lead AnchorThank you, Skip. Go find your granola bar. The market will keep arguing with itself without you.