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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.
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%.
Stock market today: US stocks drop and bond yields climb as investors temper expectations for rate cuts. ... The 10-year Treasury bond yield rose three basis points to 4.242%, its highest level in ...
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
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 ...
Bond markets are refusing to cooperate, however, as last week’s fixed-income sell-off carried into Monday. The yield on the benchmark 10-year Treasury, which rises as the price of the bond falls ...
In commodities, bonds, and crypto: West Texas Intermediate crude oil was up 1.53% to $75.52 a barrel. Brent crude , the international benchmark, was higher by 1.35% to $79.10 a barrel.
That, in turn, has pushed up the yield on corporate bonds, since virtually all forms of lending use Treasury bonds as their benchmark rate. Currently, yields on Aaa corporate bonds have passed 5.1% .