The stock market has been under pressure from the bond market, where the yield on the 10-year Treasury briefly touched 5% Thursday evening for the first time since 2007. High yields make borrowing more expensive for everyone, and they slow the economy while dragging on investment prices. The 10-year yield eased Friday, but only after hanging near 4.99% in the morning. Crude oil prices fluctuated, and gold’s price rose.
The yield on the 10-year Treasury was sitting at 4.91% after easing from within a hair of 5% earlier in the morning. It’s been catching up to the Federal Reserve’s main interest rate, which is already above 5.25% and at its highest level since 2001. A barrel of benchmark U.S. oil fell 62 cents to settle at $88.75. It’s been bouncing around since the latest Hamas-Israel war began, after leaping from $70 to more than $93 through the summer. Brent crude, the international standard, slipped 22 cents to $92.16 per barrel.
But he also noted it hasn't been a reliable signal when very big shocks occur, such as the period around Lehman Brothers' collapse in 2008 or the Russia-Ukraine war early last year. Maybe a jump for oil prices above $100 or the 10-year Treasury yield shooting above 5% could act as similar very big shocks this time around.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »