Oil Down, but Stocks Lower as Bond Yields Rise
The 10-year Treasury yield rose to 5.293% and the 30-year touched 5.6206%, as investors awaited key inflation and payroll data.
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9 Articles
The New York stock market fell for two consecutive days as the yield on 30-year U.S. Treasury bonds surged to its highest level since 2002. Market anxiety intensified as the consumer confidence index also dropped to its lowest level since 2014. Amid dampened investor sentiment due to concerns over high interest rates and inflation, the New York Federal Reserve President's remarks on cautious interest rate policy helped limit the decline.
Oil down, but stocks lower as bond yields rise
NEW YORK: US and European stocks traded mainly lower Tuesday (Sep 29) despite oil prices retreating from a recent surge, as bond yields pushed higher and investors waited for key inflation data.The US 30-year Treasury yield touched 5.62 per cent, a level not seen for 24 years, while the be
US stocks end slightly lower as bond yields hold near multi-decade highs
The Dow fell 0.26%, the S&P 500 lost 0.17% and the Nasdaq slipped 0.08%. (EPA Images pic)NEW YORK: US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labour market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.Longer-dated US Treasury yields rose, with the 30-year bond hitting 5.6206%, its highest since June 2002. T…
US stocks: US market ends slightly lower as bond yields hold near multi-decade highs
US stocks closed slightly lower as consumer confidence fell to a significant low not seen in over 12 years. Rising government bond yields have affected investor sentiments before upcoming economic data releases. Reports indicated a decline in job openings and a pessimistic outlook from households regarding the economy. Multiple Federal Reserve officials expressed differing views on the need for future interest rate hikes.
Equities dip as bond yields hold near multi-decade highs
By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks declined for a second straight session on Tuesday, as government bond yields continued their ascent ahead of key inflation and labor market data this week that could shape the Federal Reserve...
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