Summary
Stocks broke a nearly two-week-long winning streak on Thursday, and the reason was in plain sight. Investors may like to focus on stocks, but they ignore bonds at their peril. The Treasury conducted a 10-year bond auction, which Argus fixed-income strategist Kevin Heal called “a bit messy, with lower demand.” With the 10-year yield rising from 4.51% pre-auction to 4.63%, stock indices sold off by 0.6% to 0.9%.
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2023-11-10 06:53:10
Post from finance.yahoo.com
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