News Formal

Surging Treasury yields upend stock market's 'bond proxies'

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Surging Treasury yields upend stock market's 'bond proxies'

© Reuters. FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo

While rising yields are generally seen as unfavorable to growth stocks, some of the steepest losses have been concentrated in more staid sectors such as utilities and consumer staples. But surging bond yields have dulled the appeal of bond proxies. Investors can now earn higher yields on government debt seen as virtually risk free if held to term. The yield on a six-month Treasury now stands at around 5.6%, while the utilities sector was yielding 4% and staples yielded 3%, according to LSEG data.

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:

 /  🏆 450. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa 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 snaps losing streak as Treasury yield storm calmsStock Market Today: Dow snaps losing streak as Treasury yield storm calms
Source: Investingcom - 🏆 450. / 53 Read more »