, which moves inversely to price, rose to about 1.6% on Friday, back towards recent one-year highs. The 10-year yield reached as high as 1.62% earlier in this month before retreating. Higher interest rates erode the value of growth companies' future profits, compressing their stock valuations.
Tame consumer inflation put a lid on bond yields Thursday. The government, at 8:30 a.m. ET, reports its February producer price index.President Joe Biden gestures as he speaks on the anniversary of the start of the Covid-19 pandemic, in the East Room of the White House in Washington, DC on March 11, 2021.
3. WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!