CNBC's "Fast Money" Tech Slides to Close a Volatile Week… Citi Deal Chatter, A Weak Yen, and Nike’s Big Test 3/27/26
Mar 27, 2026
Peter Boockvar, chief investment officer at BFG Wealth Partners, offers macro and fixed-income perspective. He dissects a global bond sell-off and rising yields. He talks about yen weakness and intervention chatter. He also covers Citi deal rumors, bitcoin near $65K, and Nike facing a big earnings test.
AI Snips
Chapters
Transcript
Episode notes
Bond Market Pain Drove Tech's Fall
- The Nasdaq and big-cap tech have been leading the market lower, with many mega-cap stocks now 50–60% below Wall Street targets.
- Tim Seymour and others tie this to rising bond yields and the bond market not cooperating, which amplified declines already in motion before the Middle East conflict.
Higher Global Yields Complicate Fed Policy
- Global sovereign yield moves are broadening stress, with the U.K., Europe and Japan all seeing higher yields that complicate central bank policy.
- Peter Boockvar argues debts, deficits and higher long-term yields mean Fed cuts won't necessarily pull down the whole curve.
Citi Rumors Expose Deposit Growth Pressure
- Citigroup fell after Bloomberg reported it may buy a U.S. regional; Citi denied it calling the story "baseless speculation," yet the stock dropped amid a broader banking weakness.
- Panelists note Citi's need for domestic deposit growth could make such moves plausible even if unconfirmed.