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1 week ago
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The 10-Year Treasury Yield Is Back Above 4%. That’s Bad News for Stocks.
Bond yields were climbing aboriginal Monday arsenic traders pulled backmost erstwhile it came to however overmuch they expect the Federal Reserve to chopped rates, dragging connected stocks.
The output connected the benchmark 10-year Treasury enactment roseate backmost supra 4% connected Monday morning, for the archetypal clip since August, pursuing a stronger-than-expected jobs study Friday.
Traders are present pricing successful a 12% accidental of nary complaint chopped astatine each astatine the Fed’s November monetary-policy meeting, according to the CME FedWatch tool. However, bets are inactive mostly connected a quarter-point reduction.
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