A long-shot option trade from the show 'Industry' would have paid off Wednesday when the 10-year Treasury yield topped 4%

Plenty of bond-market bears could claim vindication on Wednesday when the 10-year Treasury yield briefly topped 4% for the first in more than a decade.

But denizens of “finance Twitter” were quick to point out that a fictional option trade by one of the main characters from the television series “Industry” would have gone “in the money” thanks to the bond-market milestone. She stood her ground in the face of pushback from her colleagues, and eventually closed the trade, one of her first pieces of major business at the bank.

The term of the option wasn’t made clear, but assuming it did pay off in the show’s fictional universe, there’s a chance Pierpoint & Co. would have been on the hook for the payout — that is, unless the bank laid off the risk on another client. Many of these details were glossed over in the show. Like stocks, bonds have been selling off hard since the start of the year, largely due to the tightening of global monetary policy undertaken by central banks like the Federal Reserve.

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