10-year US Treasury yield breaks above 5% for first time since 2007
Fidelis Capital said the move reflected renewed fixed-income volatility; corporate bond spreads remained contained.
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Fidelis Capital said the move reflected renewed fixed-income volatility; corporate bond spreads remained contained.
Market Overview The Fed raised rates by 25 basis points and stocks shrugged it off. The Nasdaq outperformed for the third week in a row and finished up 0.72%. The S&P 500 and Dow Jones Industrial Average finished 0.08% and 1.69% lower. Money looks to be rotating back into risk assets again, especially crypto. Remember
Bitcoin fell to $77,000 after August PPI inflation came in hotter than expected, with headline PPI at 5.4% year over year versus 5.3% estimated. The report also cited more than $190 million in long liquidations within 60 minutes and said July PPI figures were revised higher.