Stocks Down as Treasury Yield RisesPosted 10/04/2018 10:21AM CT |
Overnight markets were generally mixed with most of the world seeing declines and the exceptions being some of the pacific markets. It finally seems as if the higher treasury yields are giving investors another option besides the stock market. We haven’t seen these treasury yield levels since 2011 as it broke 3.2%. Jerome Powell, the Fed Chair, stoked the fire by saying the central bank had ways to go before interest rates hit neutral. This suggests that there will be more rates hikes in the future. There will be some key earning reports this afternoon with Costco, International Speedway, and Constellation leading the way.
E-Mini S&P 500 Dec ’18 Daily Chart