CBOE Interest Rate 10 Year T No (^TNX)
- Yahoo Finance Video
Stocks: S&P 500, Nasdaq close lower for fifth-straight day
Stock market indexes (^DJI, ^IXIC, ^GSPC) are a mixed bag with only the Dow Jones Industrial Average closing higher by a mere 0.06%. Thursday's session close marks the fifth straight day in the S&P 500 and the Nasdaq Composite's current losing streaks. Market Domination Overtime Co-Host Julie Hyman reviews the day's trading activity after the closing bell. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Reuters
TREASURIES-Yields rise near 5-month highs after jobless claims data; TIPS auction strong
U.S. Treasury yields hovered near their highest levels since November on Thursday as investors weighed steady labor market data and warnings from Federal Reserve officials that the decline in inflation may have stalled. Yields have jumped near five-month highs this week following stronger-than-expected inflation data last week. Markets are now pricing in a total of 42 basis points in interest rate cuts by the end of this year, down from more than 160 basis points in cuts expected in January, and now see the first cut coming in September, according to CME's FedWatch Tool.
- Barrons.com
U.S. 10-Year Treasury Yield Likely to Continue Rising, Chart Shows
The U.S. 10-year Treasury yield is likely to continue rising, with key resistance at October's peak of 5.021%, said Quek Ser Leang, markets strategist at UOB's Global Economics & Markets Research, in a research note. Taking into account other technical indicators and weekly time horizon, the odds of the 10-year yield reaching October's peak in the next couple of months seems low, the strategist added.
