Dow tumbles more than 300 points, Nasdaq drops 1% as Treasury yields surge: Live updates - CNBC — SkimNews
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- The Dow Jones Industrial Average tumbled more than 300 points and the Nasdaq dropped 1% as Treasury yields surged, per CNBC live market updates.
- The 10-year Treasury yield reached a 19-year high amid a broad bond selloff, according to the WSJ's coverage of the rates move.
Why it matters: A 19-year high in the 10-year Treasury yield repriced the benchmark for U.S. borrowing — mortgages, corporate debt, and federal financing — sharply higher in a single session, and equity markets responded with broad-based selling, showing investors are repricing risk in real time as the bond rout accelerates.
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