Stocks fall after Treasury yield hits 5%

Stocks fall after Treasury yield hits 5%

Investors were waiting for the right moment to return to the frigid bond market. On Monday, some of them took the plunge.

A months-long bond sell-off helped push the 10-year U.S. Treasury yield above 5% Monday morning for the first time since 2007. Some investors saw the milestone as a buying opportunity, quickly bringing yields down to 4.836%. Yields increase as prices fall.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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