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Stocks pulled back Friday morning as bond yields reached higher. Mixed initial jobless claims data sent the 10-year Treasury yield to a seven-month high on Thursday.
The 10-year Treasury bond jumped six basis points to 4.332%. PPI showed wholesale prices rose 0.4% last month, the Bureau of Labor Statistics said Thursday. The data came in higher than consensus ...
Tesla is due to report results after the close. ... Stock market today: US stocks drop and bond yields climb as investors temper expectations for rate cuts ... The 10-year Treasury bond yield rose ...
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
Why stocks and bonds are on a tear today. Jennifer Sor. January 15, 2025 at 4:04 PM ... The sell-off in bonds also got some relief as the 10-year Treasury yield tumbled as many as 16 basis points.
There is a time dimension to the analysis of bond values. A 10-year bond at purchase becomes a 9-year bond a year later, and the year after it becomes an 8-year bond, etc. Each year the bond moves incrementally closer to maturity, resulting in lower volatility and shorter duration and demanding a lower interest rate when the yield curve is rising.
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.9% to $74.25 a barrel. Brent crude , the international benchmark, was up 1% to $77.04 a barrel.
That number marks its highest level in over a year and outpaced forecasts of 230,000. Here's where US indexes stood shortly after the closing bell on Thursday: S&P 500 : 5,780.05, down 0.21%