FYI: By Johanna Bennett
U.S. stocks fell Monday amid subdued trading; pulling back a day after the Dow delivered its biggest one-day gain in three months. International stocks were mixed with the Shanghai Composite Index climbing 3% after China’s central bank cut interest rates for the third time in six months. In commodity markets, gold futures were little changed while crude-oil futures slipped 0.8% to $58.91 a barrel. There was no quarter for bonds today. The yield on the 10-year Treasury note rose to its highest level since December and the iShares Shares 20+ Year Treasury Bond ETF (TLT) fell 2.43%. Weak auto sales in China had palladium prices falling and the ETFS Physical Palladium (PALL) dropped 2% to close at $75.79.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/05/11/etf-market-vital-signs-may-11-a-bad-day-for-bonds/tab/print/
