✉news BusinessMarkets first seen 20 h ago, last 10 h ago, peak #3
Rising bond yields drag US stocks further from record highs
Original: Bond yields crank higher and pull US stocks further from their record
US Treasury yields climbed, weighing on Wall Street and pulling major stock indexes further below their recent record levels. Rising yields raise borrowing costs and make bonds more attractive relative to stocks, pressuring equity valuations, and investors are watching closely for signs of where rates head next.
Why now: Investors are reacting to higher Treasury yields pressuring stock prices near record territory.
Evidence
- Bond yields crank higher and pull US stocks further from their record · AP News
- Bond yields crank higher and pull US stocks further from their record · LancasterOnline
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