Stocks Slide as Treasury Selloff Deepens — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- U.S. equities — the Dow, S&P 500, and Nasdaq — fell as a deepening Treasury selloff drove bond yields higher, with the 10-year hitting a 2007 high and the 30-year reaching a 2004 high.
- Oil prices fluctuated as war kept markets on edge, while equity futures stabilized only modestly after the higher-yield-driven losing session.
Why it matters: The 10-year at a 2007 peak and 30-year at a 2004 peak raises the bar for any rate-sensitive decision — corporate refinancing, mortgage demand, equity multiples — that had been priced against a much lower yield backdrop.
Ask SkimNews
