Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group of stocks expected to have bond-like qualities.
The S&P 500 is down about 4% since the Federal Reserve's hawkish interest rate projections last month sent U.S. yields to 16-year peaks and accelerated an equities pullback from highs reached in late July.
But surging bond yields have dulled the appeal of bond proxies. Investors can now earn higher yields on government debt seen as virtually risk free if held to term. The yield on a six-month Treasury now stands at around 5.6%, while the utilities sector was yielding 4% and staples yielded 3%, according to LSEG data.
Next week also kicks off third-quarter earnings results for U.S. companies, with several major banks reporting. The earnings season could determine the near-term path for stocks, with the S&P 500 still logging a 10% gain for the year even after its pullback.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock Market Today: Stocks steady, Treasury yields nudge higher ahead of jobs reportStocks are braced for Friday's crucial jobs report following a series of mixed employment data and a volatile week for Treasury bond yields.
Lire la suite »
Wall St eyes lower open after jobs data, worries over higher Treasury yields remainWall St eyes lower open after jobs data, worries over higher Treasury yields remain
Lire la suite »
Wall St falls at open after jobs data; Treasury yields spikeWall St falls at open after jobs data; Treasury yields spike
Lire la suite »
As Treasury yields rise, Wall Street is guessing what the Fed will do next‘First-time investors in long bonds may be shocked by how much money they could lose in a short period of time, should rates continue to rise,’ one wealth manager said
Lire la suite »
As Treasury yields rise, Wall Street predicts what the Fed will do nextStocks have taken a hit as investors adjust their portfolios to take advantage of more attractive bond yields
Lire la suite »
Wall Street rebounds on megacaps boost, Treasury yields retreatWall Street's main indexes reversed course and rose on Friday following a boost from megacap stocks, with investors assessing a fresh jobs report that also pointed to slowing wage growth.
Lire la suite »