What Happens When Yield Curve Steepen in a Bad Market?

S the bak of japan came out and they decided to sell us dollars and buy yet. This was about four, four, five o'clock eastern time in the us. To do that, effectively, what they need to do is sell treasury bonds. And as they sell treasury bonds, yields go higher. Higher yields are really bad for stocks, particularly the nasdak. Even more particularly when ten year yields hit about three 60.