Keep Your Eye on Bond Yields
The stock market continued to rally off of the recent lows but the gains were limited, in our view, by higher Treasury yields and crude oil prices. The yield on the 10-year Treasury note bounced off the 5% zone to finish the week up near 5.2% while crude oil rallied to almost $73 per barrel. We think stock indexes have their work cut out for them with these intermarket pressures.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.