Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran
Published . Updated .
Bonds are starting to deliver “equity-like returns,” similar to during the summer of 1987, according to Larry McDonald.
Directly affected
- No company is named in this report.
Indirectly affected
- HYMB STATE STREET SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF
GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- IBND STATE STREET SPDR BLOOMBERG INTERNATIONAL CORPORATE BOND ETF
GA selected IBND as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GOVZ ISHARES 25 YEAR TREASURY STRIPS BOND ETF
GA selected GOVZ as a RELATED security because its canonical security name directly matches this event's themes: bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- KBE SPDR SER TR STATE STREET SPDR S&P BK ETF
GA selected KBE as a RELATED security because its canonical security name directly matches this event's themes: street. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- LEMB ISHARES J.P. MORGAN EM LOCAL CURRENCY BOND ETF
GA selected LEMB as a RELATED security because its canonical security name directly matches this event's themes: bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- XHB STATE STREET SPDR S&P HOMEBUILDERS ETF
GA selected XHB as a RELATED security because its canonical security name directly matches this event's themes: street. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Equities are starting to deliver “equity-like returns,” according to Larry McDonald, similar to during the summer of 1987.
Source: MarketWatch
State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) since this story, compared with the market
Since the first closing price after “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is -0.40%. The S&P 500 fund (SPY) is -0.62% over the same days, a +0.21% difference versus the market.
Who gains and who loses around State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)
Companies mentioned with this story
- HYMB State Street Spdr Nuveen Ice High Yield Municipal Bond Etf
For “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is linked, with no stored direction, medium confidence. Reason on file: GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBND State Street Spdr Bloomberg International Corporate Bond Etf
For “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” State Street Spdr Bloomberg International Corporate Bond Etf (IBND) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBND as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GOVZ Ishares 25 Year Treasury Strips Bond Etf
For “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” Ishares 25 Year Treasury Strips Bond Etf (GOVZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected GOVZ as a RELATED security because its canonical security name directly matches this event's themes: bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- KBE Spdr Ser Tr State Street Spdr S&P Bk Etf
In “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” Spdr Ser Tr State Street Spdr S&P Bk Etf (KBE) is linked, with no stored direction, medium confidence. Reason on file: GA selected KBE as a RELATED security because its canonical security name directly matches this event's themes: street. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- LEMB Ishares J.P. Morgan Em Local Currency Bond Etf
Ishares J.P. Morgan Em Local Currency Bond Etf (LEMB) is linked, with no stored direction, medium confidence in the 24 Sep 2026 story “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran.” Reason on file: GA selected LEMB as a RELATED security because its canonical security name directly matches this event's themes: bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- XHB State Street Spdr S&P Homebuilders Etf
For “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” State Street Spdr S&P Homebuilders Etf (XHB) is linked, with no stored direction, medium confidence. Reason on file: GA selected XHB as a RELATED security because its canonical security name directly matches this event's themes: street. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)
State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) is the company in “Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran,” the 24 Sep 2026 this story story.
What ties State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB) to the headline is this: GA selected HYMB as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, State Street Spdr Bloomberg International Corporate Bond Etf (IBND): GA selected IBND as a RELATED security because its canonical security name directly matches this event's themes: street, bond. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB), and the dates in the story
GOVZ traded between 29.90 and 33.87 across 20 sessions. The latest close on file is 32.20. HYMB traded between 23.06 and 24.17 across 20 sessions. The latest close on file is 23.57. IBND traded between 29.41 and 30.40 across 20 sessions. The latest close on file is 29.68.
What the saved facts support for State Street Spdr Nuveen Ice High Yield Municipal Bond Etf (HYMB)
46 out of 100
“Black Monday’s stock-market warning signal came from the bond market, and it’s back, says Wall Street veteran” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.