Mmastodon BusinessMarkets first seen 11 h ago, last 11 h ago, peak #11
US Treasury Yields Hit Multi-Decade Highs, Stocks Slip
Original: 🟠 UPDATE US Treasury Yields Hit 24-Year Highs Amid Inflation and Fiscal Concerns Wall Street main indexes slipped on Thu
A deepening selloff in the US bond market pushed Treasury yields to 24-year highs on Thursday, dragging down Wall Street's main indexes despite gains in software stocks. Investors are weighing persistent inflation against growing concerns over the federal government's fiscal position, with rising borrowing costs fueling anxiety about the outlook for equities and the broader economy.
Why now: Rising Treasury yields to levels not seen in decades are rattling investors and pressuring stock markets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/626808