by uspost
US Stocks Vulnerable
A rise in Treasury-bond yields last week took the legs out from under a strong stock-market rally that had pushed the Dow Jones Industrial Average to its highest point in 18 months, a setback that shows how vulnerable stocks and the economy may be to higher rates.
Treasury yields rose as investors showed less enthusiasm for the billions in bonds that the U.S. government has been selling. This week, the market may have two more reasons to send interest rates higher: the end of the Federal Reserve’s $1.25 trillion mortgage-buying spree and a potentially stronger employment report.
A rise in Treasury-bond yields last week took the legs out from under a strong stock-market rally that had pushed the Dow Jones Industrial Average to its highest point in 18 months, a setback that shows how vulnerable stocks and the economy may be to higher rates. Treasury yields rose as investors showed less enthusiasm for [...]
US Stocks Vulnerable to Higher Rates
US Stocks Vulnerable to Higher Rates
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