Strategist warns of $110B Treasury shock hitting stocks and bitcoin

• —20-year Treasury yield hit 5.68% on Oct. 13, just 0.32 points below the 6% threshold
• —The estimated impact equals issuing an extra $110 billion in 20-year bonds over four months
• —BofA survey puts the critical 10-year yield at 5.9%; it currently sits at 5.22%
• —Bassman flagged the 6.2% US federal budget deficit as the core confidence problem