Advertisement
Canada markets open in 14 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7321
    -0.0002 (-0.03%)
     
  • CRUDE OIL

    84.23
    +0.66 (+0.79%)
     
  • Bitcoin CAD

    87,290.18
    +1,042.93 (+1.21%)
     
  • CMC Crypto 200

    1,384.60
    -11.93 (-0.85%)
     
  • GOLD FUTURES

    2,360.70
    +18.20 (+0.78%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.6610
    -0.0450 (-0.96%)
     
  • NASDAQ futures

    17,725.25
    +157.75 (+0.90%)
     
  • VOLATILITY

    15.37
    0.00 (0.00%)
     
  • FTSE

    8,123.33
    +44.47 (+0.55%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Rates are about to hit a key level that could cause trouble for stocks

The 10-year Treasury note yield rises to 2.97 percent, just three basis points below 3 percent.Usually, the S&P 500 takes a leg lower after the 10-year breaks the level. Larry Benedict, CEO of The Opportunistic Trader, says this pattern of stocks falling as the 10-year breaches 3 percent could repeat itself. The benchmark rate has closed above the 3 percent nine times this year.