30-Year Yield Hits 2002 High; Equities Slip on Multi-Decade Bond — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- U.S. Treasury 30-year yields climbed to their highest level since 2002, though pressure on Treasuries eased afterward, per CNBC.
- Equities ended slightly lower as bond yields held near multi-decade highs; the Dow, S&P 500, and Nasdaq were called lower amid rising oil prices, with PCE inflation data and Micron results on tap, per MarketWatch.
Why it matters: Bond yields at multi-decade highs — the 30-year hitting its peak since 2002 — are forcing equities lower and putting Treasury market stability in focus, while the upcoming PCE inflation reading and Micron earnings will test whether the yield climb continues or reverses.
Ask SkimNews
