Photographer: Michael Nagle/Bloomberg

S&P 500 at Record’s Door as Rally With Bonds Rewrites History

  • Stocks surge and briefly top a 13-month-old high water mark
  • Yields on 10-year Treasuries also flirt with a record low

That U.S. stocks were able to erase their Brexit trauma and pull within inches of a record Friday was impressive enough. That they did it on a day bond yields were flirting with all-time lows is unprecedented.

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