# TP and Liz Tackle Bond Market Turmoil and Trade Strategies
In Thursday's market discussion, TP and Liz analyze the recent bond market selloff triggered by a weak 20-year Treasury auction and U.S. debt concerns. TP explains how the auction's poor demand rippled through markets, hitting longer-dated bonds hardest and pushing yields higher.
The pair examine how rising long-term yields might pull money from equities as investors seek less risky returns with comparable yields—a factor in Wednesday's 1.8% S&P 500 decline.
When discussing trade approaches, TP demonstrates mechanical analysis of Autodesk (ADSK) ahead of earnings, evaluating a potential put spread while considering multiple metrics: P50, POP, theta, and buying power reduction. They also explore a Snowflake (SNOW) double diagonal trade and debate strategies for low IV rank stocks.
Throughout, they emphasize that successful trading requires examining all available metrics rather than fixating on single indicators, and underscore how experience builds pattern recognition skills that improve trade execution.