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Rising Treasury Yields Could Batter Stocks

TedTed
in The Bullpen
FYI: Who said Octobers in midterm years were good for the stock market?

Just one week into the new month, stocks were defying the history cited here recently, slumping sharply in the final two sessions of the week.

Bonds took the blame for stocks’ slump, as longer-term Treasury yields rose above their previous 2018 peaks to their highest levels in seven years, pressuring equities’ valuations. Strong U.S. economic data underpinned expectations for continued Federal Reserve interest-rate increases.
Regards,
Ted
https://www.barrons.com/articles/rising-treasury-yields-could-batter-stocks-1538785919?mod=djem_b_Weekly Feed for Barrons Magazine
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