Why did the stock market sell off? Falling bond yields point to ‘growth scare’

Those apparent growth fears, however, were holding sway on Thursday. An unrelenting rally in longer-term U.S. Treasury prices continued to hammer down yields, sending the 10-year rate TMUBMUSD10Y, 1.359% to a five-month low below 1.25%. As investors sought safety in the long end of the bond market, stocks tumbled, with the Dow Jones Industrial Average DJIA, +1.30% down more than 500 points at its session low.

“Our working theory is that we’re in the middle of a modest global growth scare…,” wrote Nicholas Colas, co-founder of DataTrek Research, in a Thursday note. And yields on foreign government bonds have also fallen, with the 10-year German bund yield TMBMKDE-10Y, -0.289% falling to -0.3% through Wednesday from -0.11%, while the Japanese 10-year yield TMBMKJP-10Y, 0.030% dropped to 0.04% from 0.09% at the end of May.

Y'all the picture you used comes from Friday the 13 th 3 where that character pictured at that time is staged in the back of the head y'all need to change that

Not worried about either, but I started investing in the 70s …

🧃😂Mr BitBoy $hitcoinery Bitcoin

If only you knew how bad things really are.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Netflix and Disney Stocks Are Falling Flat in 2021The stock market soared to record highs in the first half of 2021, but not everyone has participated in the rally. $NFLX and $DIS have seen their stocks stall despite being the clear leaders in streaming video. heidi_chung at VIP+ explains further
Source: Variety - 🏆 108. / 63 Read more »

Why is the stock market down? Falling bond yields point to ‘growth scare’Investors appear to swap fears of surging U.S. inflation for worries about stalling growth. That makes sense, but don't take it too far, says one Wall Street... A year after the pandemic? How much wealth does the wealthiest need to profit after records profits while all the ma and pa businesses was closed ! How many miracles or pandemic do they need ?
Source: MarketWatch - 🏆 3. / 97 Read more »