The stock market sure is acting strangely
CNN
Wall Street is having a topsy-turvy moment. Long-term Treasury yields have shot up dramatically, and investors in stocks are cheering the bond market's big moves. That doesn't happen often. So what gives?
Long-term Treasury yields have shot up dramatically, and investors in stocks are cheering the bond market's big moves. That doesn't happen often. So what gives?
Rising rates are supposed to be a bad sign for stocks. In theory, higher yields for the 10-year US Treasury should make it more expensive to get mortgages and other types of consumer and business loans.
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