Stocks sink most in six months after recent runup in treasury yields

A bad week on Wall Street turned dismal Thursday after the relentless surge in Treasury yields sapped demand for risk assets. In the end, US stocks suffered the biggest drop in six months as investors recalibrate for a world where rates sit at levels not seen in a generation.

In what’s increasingly looking like bad timing, investors plowed $26.4 billion into US equities in the week ended Sept. 13, the most since March 2022, with about $1.3 billion funneling into the tech sector, according to EPFR Global data cited by Bank of America Corp. The Nasdaq 100 Index, which had its best first half on record, has slumped more than 5% this month.

Their argument is that prior runups in yields during the Fed’s tightening cycle have invariably been short-lived. Every time the 10-year yield has climbed above 4% in the past year, it’s retreated back below 3.5% in short order.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

EM-Stocks hit 3-month low; Turkey, SA central bank decisions eyedAs risk sentiment waned after the US Federal Reserve stiffened its hawkish monetary policy stance.
Fonte: Moneyweb - 🏆 5. / 77 Consulte Mais informação »

Asia stocks fall as Fed expected to stay hawkish: Markets wrapBitcoin fell 0.3% to $27 111.61.
Fonte: Moneyweb - 🏆 5. / 77 Consulte Mais informação »

Stocks, bonds decline as Fed knocks risk sentiment: Markets wrapSpot gold fell 0.1% to $1 928.35 an ounce.
Fonte: Moneyweb - 🏆 5. / 77 Consulte Mais informação »

Emerging-market stocks set to erase 2023 gainsThe year is proving to be a roller-coaster for emerging-market equity investors as post-Covid recovery expectations give way to slowing growth and stubborn inflation concerns.
Fonte: Moneyweb - 🏆 5. / 77 Consulte Mais informação »