Stocks Fall as 10-Year Treasury Yield Nears 5%
Stocks fell Tuesday as the 10-year Treasury yield moved close to 5% following October’s hot inflation report. A portfolio manager said the Federal Reserve should not raise rates by another 25 basis points.
By Joy Wiltermuth'I don't think they should be raising another 25 basis points,' says a portfolio manager about the Federal Reserve's benchmark interest rateStocks fell as the 10-year Treasury yield moved close to the 5% threshold Tuesday after October's hot inflation report.It was another day of w…