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What isn't in sync are rates today? Yields.
The US stocks are bulled up today, with the Nasdaq leading the way in the major indices with a gain of 1.48%. The riskier stocks as measured by Cathy Woods ARK Innovation fund is doing even better with a gain of 2.85%.
Typically, lower yields help that flow, but if you look at the US yields today, they are up nicely. The 2 year yield is up 7.3 basis points at 4.191%. The 10 year yield is at 3.49% up nearly 10 basis points on the day.
The move higher in the 10 year comes after... Read More
Posted: Jan 20 2023, 17:40
Author Name: forexlive
Views: 110747
