Trading pattern where lower bond yields help growth stocks is breaking down

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New for subscribers: Trading pattern where lower bond yields help growth stocks is breaking down. Check out CNBCPro today.

The fevered trading pattern where lower bond yields send growth stocks higher and vice versa broke this week, at least temporarily.

Both yields and growth stocks were lower Wednesday. Whether that signals the trade that's been fairly well correlated since February is unraveling or not is yet to be seen. TheRecently when yields fell, the Nasdaq, which has dropped the most when rates rise, typically gained ground. But not this week. The

 

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