10-year Treasury yield leaps to fresh 19-year high after hot economic readings
- The benchmark 10-year U.S. Treasury yield rose above 5%, reaching its highest level since July 2007.
- Strong business activity, higher oil prices, and a weak Treasury auction increased concerns that inflation could remain high.
- Federal Reserve Governor Michael Barr said further policy adjustments may be needed to bring inflation back to the Federal Reserve’s 2% target.
- Higher yields pressured major stock indexes, including the S&P 500, Nasdaq, and Dow Jones Industrial Average.
396 Articles
396 Articles
Asian Stocks Decline After Wall Street Losses as Oil Prices Rise
Internewscast Internewscast HONG KONG – Asian markets mostly declined Tuesday, tracking losses on Wall… This Post: Asian Stocks Decline After Wall Street Losses as Oil Prices Rise first appeared on Internewscast
Wall St markets plunge as Trump torches Iran plea for peace
U.S. stock futures slid and crude oil prices surged Monday after President Donald Trump rejected an Iranian proposal to end the seven-month war, rattling investors already braced for a longer conflict.Crude prices jumped roughly 3% to around $108 a barrel, while Dow, S&P; 500 and Nasdaq 100 futures ...
BUSINESS HEADLINES - Regional Media News
>>Trading Week Winding Down (New York, NY) - The opening bell rings this morning on Wall Street after stocks closed mixed yesterday. It came as treasury yields have continued to move higher amid anticipation of further rate hikes from the Federal Reserve. Oil prices have [...]
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