10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Hotter U.S. economic data and rising oil prices fueled the selloff, pushing the 10-year yield to 5.29% and pressuring stocks, traders said.
- The benchmark 10-year U.S. Treasury yield rose above 5%, reaching its highest level since July 2007.
- Strong business activity, higher oil prices, and a weak Treasury auction increased concerns that inflation could remain high.
- Federal Reserve Governor Michael Barr said further policy adjustments may be needed to bring inflation back to the Federal Reserve’s 2% target.
- Higher yields pressured major stock indexes, including the S&P 500, Nasdaq, and Dow Jones Industrial Average.
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456 Articles
The New York stock exchange closed higher today, boosted by gains in technology stocks and a pause in the rise of bond yields.
The New York square closed with profits, highlighting the technological ones, despite the volatility in the bond market.The Nasdaq reached record levels, reflecting optimism in the AI sector and technology before the results season.
Investors shrug off a fresh surge in bond yields to push stocks to record highs
The bond sell-off is still going strong, but investors just don’t seem too concerned. The sell-off in government bonds picked up steam on Monday, but investors shrugged off the latest spike in yields and piled into the tech sector. The move is the latest reflection of the animal spirits pushing the stock market higher in […]
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US stocks rise to the edge of an all-time high
U.S. stocks are rising near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.8% Monday and pulled within 0.2% of its all-time high, which was set during the summer. The Dow Jones Industrial…
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