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 10-year U.S. Treasury yield reached a fresh 19-year high after reports showed strong economic activity and fewer unemployment claims.
- Higher Treasury yields pressured stocks by increasing borrowing costs and reducing the appeal of other investments.
- Strong corporate profits and continued investment in artificial intelligence supported U.S. stocks despite pressure from the bond market.
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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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