Wall Street Sees an Ominous Sign in Bond Market’s Latest Selloff

Wall Street is buzzing over a little-understood bond-market signal that is reasserting itself in the latest selloff. Bloomberg's Ye Xie explains what the signal is and why traders are watching it closely. The signal, long considered one of the most opaque in fixed income, is drawing fresh attention as yields move. Analysts are split on whether it signals a genuine shift or a temporary blip, with implications for equities and the broader economy.