S&P 500 Edges Down as Investors Sell Bonds, Tech Stocks. Government bond yields rose for a fourth consecutive day, sapping demand for technology stocks and weighing on the benchmark stock index. New York Fed's John Williams Upbeat About Economic Outlook.
Yields on U.S. government bonds marked new territory in their recent climb on Tuesday before quickly retreating, as investors focused on President Biden's next big spending push and prepared for the end of the quarter. The yield on the benchmark 10- year U.S. Treasury note rose as high as 1.773% early in the session-- its highest intraday level since January 2020-- but was back to 1.724% at Tuesday's close, according to Tradeweb, compared with 1.721% Monday.
S&P 500 Edges Down as Investors Sell Bonds, Tech Stocks. Government bond yields rose for a fourth consecutive day, sapping demand for technology stocks and weighing on the benchmark stock index. Treasury Yields Whipsaw Ahead of Biden Spending Announcement.
Yields on U.S. government bonds marked new territory in their recent climb on Tuesday before quickly retreating, as investors focused on President Biden's next big spending push and prepared for the end of the quarter. The yield on the benchmark 10- year U.S. Treasury note rose as high as 1.773% early in the session-- its highest intraday level since January 2020-- but was back to 1.722% in recent trading, according to Tradeweb, compared with 1.721% Monday.
U.S. stocks dropped Tuesday as investors sold government bonds and many of the richly valued technology shares that had powered higher in a low-yield environment. The S&P 500 fell 0.5%, while the Dow Jones Industrial Average slipped 0.4%, or about 120 points. The Nasdaq Composite fell 0.9% as a decline in technology stocks continued.
U.S. stocks ticked down as investors sold down government bonds and richly valued technology stocks that had powered higher in a low-yield environment. The S&P 500 edged 0.3% lower, a muted drop after the New York opening bell. The Dow Jones Industrial Average slipped 0.1%.
S&P 500 Futures Edge Down as Investors Sell Bonds, Tech Stocks. Government bond yields rose for a fourth consecutive day, sapping demand for technology stocks and weighing on S&P 500 futures. Eurozone Confidence Rises Despite Extended Lockdowns.
S&P 500 Futures Waver as Investors Sell Bonds, Tech Stocks. Government bond yields rose for a fourth consecutive day, sapping demand for technology stocks and weighing on S&P 500 futures. Eurozone Confidence Rises Despite Extended Lockdowns.
Robert Tipp doesn't buy the popular Wall Street view that U.S. government bond yields are bound to keep rising this year, though he allows that they could before likely falling later. The chief investment strategist at PGIM Fixed Income, Mr. Tipp is among a relatively small group of contrarians who have bet for months that the forces lifting bond yields-- expectations for a post pandemic surge in growth and inflation, increased government borrowing-- are no match for the structural...
Treasury markets have calmed this week, but yields are signaling that investors still expect the Federal Reserve to be forced to raise rates sooner than it is saying. The yield on the 10- year note edged down to 1.593% on Thursday, according to Tradeweb. It had closed as high as 1.730% last week, the highest in 14 months.
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