Skip to content

Stocks Fail to Hold Gains as Treasury Yields Jump: Markets Wrap

  • JPMorgan’s Kolanovic says bond traders overpricing hawkish Fed
  • Bullard urges front-loading hikes for inflation credibility
Video player cover image
JPMorgan Says It's Wise to Dial Back Risk Given Ukraine Tensions
Updated on

Stocks faced another session of wild swings as traders assessed the latest geopolitical developments amid worries about a Federal Reserve policy mistake.

After a few rebound attempts, the S&P 500 notched its third straight drop. The gauge still closed off its session lows, while the tech-heavy Nasdaq 100 finished higher. Treasury yields climbed -- with shorter maturities leading the increase. The move kicked in a resumption of curve flattening, with the gap between two- and 10-year rates narrowing. West Texas Intermediate crude topped $95 a barrel for the first time since 2014.