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The Piney Point

Bond yields crank higher and pull US stocks further from their record

Bond yields crank higher and pull US stocks further from their record
Photo: KPRC 2 / Click2Houston (NBC) · view original

Yields in the U.S. bond market again reached their highest levels in roughly two decades and knocked U.S. stocks further from their record high. The S&P 500 fell 0.8% Monday. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite lost 0.9%. The yield on the 10-year Treasury jumpe...

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