Benchmark Treasury yields pulled back early Friday, after settling atSurging borrowing costs have weighed on stocks, with key indexes sinking Thursday to extend this month's selloff. Despite the bond reversal, U.S. stock futures and global indexes remained under pressure on Friday.The 10-year U.S. Treasury yield fell back below 4.3%, after settling at the highest since November 2007. Yields and prices move inversely. Longer-dated U.S. Treasurys and European equivalents also rallied.
The yen rose after Japan reported the strongest growth in services prices since 1998. The pound fell after unexpectedly weak U.K. retail-sales data.Selling pressure picked up after a long stretch of placid trading, with the digital currency recently trading at about $26,500.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow closes lower as spike in Treasury yields rattles stocks By Investing.comStock market today: Dow closes lower as spike in Treasury yields rattles stocks
Source: Investingcom - 🏆 450. / 53 Read more »
Why Treasury yields keep rising, causing pain for stock-market investorsA slow-motion breakout on long-dated Treasury yields is undermining investor confidence.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market today: Wall Street rises in early trading, though bond yields remain highStocks are opening slightly higher on Wall Street following some encouraging profit reports from big companies.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Global shares sink after Fed notes dent hopes of rate hikes endingGlobal stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yieldsAsian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yieldsAsian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney.
Source: ksatnews - 🏆 442. / 53 Read more »