Treasury Yields Hit Multiyear Highs; Nasdaq Drops — SkimNews
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- Treasury yields rose toward multiyear highs, per CNBC, driving a bond selloff that left stocks wobbling and on track for a monthly bond loss (Reuters)
- Nasdaq slid on the yield spike, with Micron earnings lined up as the next market catalyst, per Investor's Business Daily
- Bloomberg linked the bond-market selloff to Trump spurning Iran's offer, framing geopolitics as a direct driver of the rates move
Why it matters: When yields push toward multiyear highs and Bloomberg ties the move to Trump's rejection of Iran's offer, the story stops being purely about Fed expectations — it signals that foreign-policy posture is now feeding into rate pricing, which in turn pressures equity valuations heading into a heavy earnings week headlined by Micron.
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