Stock market 'beatings shall continue' before investors see relief on bond yields as the Fed won't come to the rescue

• Bond yields are unlikely to retreat until stocks drop further, Barclays said.
• The Fed won't to help calm the bond market, and will instead stay on its tightening course.
• "The only way the Fed could help longer yields is by hiking so aggressively that markets are convinced a recession is imminent and rush to buy longer rates."

This week saw a breathless bond sell-off that sent Treasury yields to 16-year highs, crushing stocks in the process, and analysts from Barclays said relief is far from sight.

In a note titled "The beatings shall continue," Ajay Rajadhyaksha, global chariman of research, said the stock market has to get a lot worse before investors begin piling up on bonds, bringing yields down.