• Investing Insights & Exclusive Offers → Get Our FREE “Market Brief”
    Sign-up for our free weekly newsletter. Get unparalleled investing insights and exclusive Summer Sale discounts on Hedgeye research.

    Disclaimer: By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. Use of Hedgeye and any other products available through hedgeye.com are subject to our Terms Of Service and Privacy Policy

A subscriber asked how to interpret the historic move in bond yields on a recent edition of The Macro Show.

Hedgeye CEO Keith McCullough put it in context alongside the MOVE index (bond volatility) and high yield credit spreads, explaining that both are signaling negative things for the U.S. economy.

"Every time we hit this point in the economic cycle - like in '01 or in '07 - the Central Planner becomes impotent," McCullough explains.

"A lot of people are going to get fired, especially if high-yield spreads continue to widen and the MOVE index continues to move out because treasury bond volatility continues to go up because people don't know where the bottom is in interest rates."

Watch the full clip above for more.

McCullough: Bonds, Credit Giving Important Market Signal - the macro show