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SPX turns negative as Treasury yields rise once again

Stop me if you've heard this one before: US stocks are falling because Treasury yields are rising.That's been the story almost every day this month and while US 10s fell to 4.49% earlier, they're right back up to a fresh daily high at 4.55%. Yesterday's high was 4.566% and a climb above that will spark more pain.Another spot to watch is the VIX, which is now above 19. I think it needs to get to at least 20 before we can talk about a bottom in stocks.And the only thing that oil is helping right n... Read More

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Turns

Negative

Treasury

Yields

Rise

Once

Again

Forex

Posted: Sep 27 2023, 14:58

Author Name: forexlive

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