Mmastodon BusinessMarkets first seen 2 h ago, last 2 h ago, peak #10
10-Year Treasury Yield Hits 24-Year High as Stocks Slip
Original: 🟠 UPDATE 10-Year Treasury Yield Hits 24-Year High S&P 500 and Nasdaq retreated from record highs due to rising Treasury
The 10-year Treasury yield has climbed to its highest level in 24 years, pushing the S&P 500 and Nasdaq back from their record highs. Rising oil prices added to pressure, with investors staying cautious ahead of the Federal Reserve's release of its latest meeting minutes for clues on interest rate policy.
Why now: Surging Treasury yields are shaking equity markets just as traders await the Fed's meeting minutes.
Federal ReserveS&P 500Nasdaq10-year Treasury
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1392066