S&P 500, Nasdaq at near five-month lows as 10-yr yield hits 5%

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The S&P 500 and the Nasdaq touched near five-month lows on Monday as the yield on the benchmark U.S. 10-year Treasury note hit the crucial 5% mark, while investors awaited earnings from the world's largest technology companies and key economic data.

on the 10-year note touched the July 2007 milestone that it briefly attempted to scale last week. It was last at 4.9758%. Yields on the 2-year and 30-year notes also rose.

"Upward pressure on yields has also comes from increased concern over the large amount of government debt needing to be absorbed by the market."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines