Now, due to the super low level of rates, a tiny bump could have catastrophic effects.
As expressed in a previous post, we have a new correlation between the risky assets and Treasuries (https://gateadvisory.com/research/blog/wake-up-dollar-is-up-and-the-us-10y-is-down-just-the-opposite-of-the-most-extreme-positionning), and now Techno is a duration play for sure (https://gateadvisory.com/research/blog/technos-a-duration-play-and-fcf-issues-in-higher-rates-environment/).
Anyway, this chart is crystal clear. On Thursday, Biden will present his Covid Plan and watch out for US 10Y during this.