The 10-year Treasury yield is looming as a potential anchor on stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Investment Strategy News

Stock Markets,U.S. 10 Year Treasury,Business News

A move above 4.5% for the 10-year Treasury yield could foreshadow a decline for the price of stocks and bonds.

The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. The benchmark yield was trading at about 4.41% on Wednesday. That is up from around 4.3% right before the presidential election, and well above the 3.6% level that it flirted with in September. Bond yields move opposite of price.

10-year yield has risen ~14 since the election and could potentially rise further with President-elect Trump likely to pursue a large reconciliation bill next year with various fiscal spending priorities. While we believe markets are expecting this fiscal policy change, any unexpected surprises could put upward pressure on long term interest rates," Senyek continued. A basis point is equal to 0.01 percentage points. If the 10-year yield does break through the 4.

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:

 /  🏆 12. 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.

10-year Treasury yield rises slightly, putting pressure on stocksThe U.S. 10-year Treasury yield rose again on Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.
Source: nbcchicago - 🏆 545. / 51 Read more »