Mmastodon BusinessMarkets first seen 6 h ago, last 4 h ago, peak #9
10-Year Treasury Yield Hits 24-Year High, Weighing on Stocks
Original: 🟠 UPDATE 10-Year Treasury Yield Hits 24-Year High The article links the 10-year Treasury yield hitting a 24-year high to
The 10-year US Treasury yield has climbed to its highest level in 24 years, pressuring American equity markets. The Dow, S&P 500 and Nasdaq all fell as investors weighed rising oil prices, persistent inflation worries, and uncertainty over the Federal Reserve's next moves on interest rates. Rising borrowing costs are sharpening concerns about the outlook for growth and corporate earnings.
Why now: Markets are reacting to surging bond yields that signal higher rates for longer and are pulling stocks down.
US TreasuryFederal ReserveDow JonesS&P 500Nasdaq
Rank over time, top of the chart is #1. 2 snapshots from 6 h ago to 4 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1385066