Dow Falls 125 as 10-Year Yield Hits 2007 High — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Dow Jones dropped 125 points while the S&P 500 and Nasdaq declined, as the 10-year Treasury yield surged to its highest level since 2007 and oil prices rose.
- Stocks and bonds both slipped as the oil-price jump fueled Fed-hike bets, while the Nasdaq retreated from record territory.
Why it matters: With the 10-year Treasury yield at its highest since 2007 and oil prices climbing, the Nasdaq retreated from record territory and Fed-hike bets took hold. The simultaneous decline in stocks and bonds strips investors of the diversification buffer bonds typically provide during equity sell-offs.
Ask SkimNews
