10-year Treasury yield hits highest level since 2002 as stocks retreat
FROM THE WIRE · FINANCE.YAHOO.COM
Good morning. Stocks retreated on Wednesday as long-dated bonds climbed again and Brent crude oil futures (BZ=F) rose back above $100 per barrel. The 10-year Treasury (^TNX) yield, used as a benchmark for mortgages and other loans, rose to 5.34%, its highest level since 2002.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishLong-dated bond yields surging to 22-year highs weigh on equities and rate-sensitive sectors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 0110-year Treasury yield rose to 5.34%, highest level since 2002.
- 022-year Treasury climbed to 4.82% as stocks retreat from all-time highs.
- 03Brent crude rose above $100 per barrel; tech and AI stocks fell significantly including Nvidia and AMD.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA Corporation237.78 USD+0.04%today -0.61%Negative Advanced Micro Devices, Inc.639.38 USD-0.26%today -1.55%Negative S&P 5007,769.850.00%today -0.63%Negative Brent Crude Oil (continuous future)101.85 USD+0.11%today +1.26%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets