Treasury 10-Year Halts 5-Day Slump, S&P 500 Falls on Fed
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Treasuries surged, snapping the 10-year note’s longest losing streak in 11 months, while most U.S. stocks fell and oil erased gains as the Federal Reserve said it sees no need for additional economic stimulus measures even as it trimmed its growth outlook.
The 10-year Treasury yield slid eight basis points to 3.05 percent as the benchmark government security climbed for the first time in six days. The Standard & Poor’s 500 Index slipped less than 0.1 percent to 1,095.17 at 4 p.m. in New York, halting a six-day rally, as four stocks retreated for every three that rose on U.S. exchanges. Benchmark equity indexes for Canada and Brazil declined more than 0.3 percent as oil erased a gain of as much as 1.3 percent.