Stock Market Today: Dow Falls Again As Bond Yields Hit Multidecade Highs
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Stock Market Today: Dow Falls Again As Bond Yields Hit Multidecade Highs
TLDR The Dow Jones Industrial Average fell for a third straight session as Treasury yields climbed to levels not seen in decades. The 10-year Treasury yield rose to 5.223%, a level last reached in June 2007. Oil prices jumped, with Brent crude closing above $106 per barrel and WTI crude near $94.61...
The Dow Jones Index closed down 161.61 points, while the S&P 500 remained virtually unchanged and the Nasdaq edged slightly higher, following gains in oil prices and US bond yields amid uncertainty in the Middle East. The post “Dow Jones” closes down 162 points after oil surges 3% - 10-year bond yield surpasses 5.2% appeared first on Business Stock News Online.
Treasury plunge gets plungier–10-year yield hits 5.20%
Another day, another 9-basis-point jump in the yield for 10-year Treasuries. The yield hit 5.20% today and is now up 51 basis points in a month and 106 basis points, that’s a little more than a full percentage point in a year. (Remember rising yields mean falling bond prices.) These are extraordinarily big moves in the normally slow-moving Treasury market. And this high degree of volatility is itself producing worry and hedging and selling in th…
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