30-Year yield hits 2002 highs as E-mini S&P 500 volume jumps.

Scott Bauer analyzes a continued bond sell-off as the 30-Year Treasury yield reaches 5.613%, the highest level since 2002, alongside hawkish comments from Federal Reserve officials. In economic data, consumer confidence dropped to 81.9, the lowest since April 2014, while JOLTS job openings fell by over 250,000. Turning to Equities, Bauer highlights a surge in options activity, noting a massive jump in E-mini S&P 500 call volume and significant open interest in the 7750 put strikes. Finally, he examines how surging yields are keeping Bitcoin futures relatively muted.