HomeMarket NewsMarket Declines as 10-Year Treasury Yield Hits 4.75%

Market Declines as 10-Year Treasury Yield Hits 4.75%

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Markets Stabilise After Turbulence Last Week

Carl Court

Market indices experienced significant declines on Tuesday morning as interest rates unexpectedly rose.

In early trading, the Nasdaq Composite (COMP.IND) was down 0.6%, the S&P 500 (SP500) was down 0.4%, and the Dow (DJI) was down 0.4%.

The 10-year Treasury yield (US10Y) increased by 4 basis points to reach 4.72%, after hitting a new cycle high of 4.757%. The 10-year yield hasn’t exceeded 4.75% since August 2007.

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