Stocks Recover After Treasury Yield Passes 5%
Stocks on the New York Stock Exchange largely recovered on Monday after the benchmark 10-year Treasury yield rose above 5% momentarily before retreating. The Dow Jones Industrial Average slipped below its flatline, while the S&P 500 gained 0.2% and the Nasdaq Composite rose by...
Stocks Fall Amid Weak Earnings and Rising Yields
Global stocks declined on Thursday as Treasury yields continue to rise and weak corporate earnings dissuade investors. Futures on the S&P 500 and Nasdaq 100 edged lower by 0.1% as did those on the Dow Jones Industrial Average. In Europe, the Stoxx 600 index...
Oil and Treasury Yields Surge as Israel-Hamas Conflict Intensifies
Oil and treasury yields are surging as signs indicate that the fighting between Israel and Hamas is set to intensify. Brent crude rose by 3%; its largest weekly gain since April, while the 10-year Treasury yield dropped eight basis points to 4.61%. West Texas...
Wall Street Stocks Recover After Bond Sell-Off
Stocks in New York rose on Wednesday after an accelerating bond sell-off came to a recess. The Dow Jones Industrial Average rose by 0.3% after going into the red on Tuesday while the S&P 500 was up 0.6%. The tech-heavy Nasdaq Composite advanced by...
Dollar and Stocks Steady as Bonds Ease From Record Highs
The U.S. dollar and stocks in New York stabilized on Wednesday, while U.S. Treasury Yields retreated from their 16-year high, easing pressure on the economy. Derek Halpenny, head of global markets research at MUFG Bank Ltd., observed: "If yields continue to move higher, at...
Asian Stocks Rebound From Losing Streak as Bonds Hit Record High
Stock markets in Asia rose on Tuesday to bring an end to an eight-day losing streak. This recovery was spurred by recovering Chinese shares. Benchmark 10-year Treasury yields climbed 2.5 basis points to hit 4.366%; the highest level since 2007. This 16-year peak marks...