10 year yield futures technical charts show an overbought

Technical charts show an overbought signal in 10 year yield futures RSI, suggesting potential pullback. A dip in yields could reignite bullish flows into equities, especially in high-growth tech and biotech plays. Ares Capital's total returns since its IPO in 2004 have trounced the S&P 500 (SNPINDEX: ^GSPC) . I expect this trend to continue over the long run as the company capitalizes on its big opportunity in meeting the financing needs of middle-market businesses. "The most recent de-escalation prompts the question of how much recession risks have fallen. The probability has surely fallen some at the margin, but we never had a recession as a baseline, partly because we assumed the peak announced tariff rates would not last," wrote Seth Carpenter, the firm's chief global economist. "Recession risk is not gone, however, because tariffs have both direct effects and indirect effects. Even with lower tariffs, the direct drag even is still meaningful." The correlation between 10 year yield futures and equity market VIX index has strengthened, indicating cross-market risk sentiment alignment. Traders use this relationship to adjust hedging strategies and sector allocations in real time.