The driver for yesterday's rally was the quarterly refunding estimate of the US Treasury Department, which implied, that balance sheet runoff could be neutralised for a couple weeks by less short term funding (see SPX Gamma Wrap).
This drivers has entirely evaporated today (see chart above) as yields for short term papers continue to rise again. Something to keep in mind.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.