The yield today is at its highest level going back to October 31. The high yield for 2023 reached up to 5.021% back on October 23. Does the market take yields back to 5%?
Tax cutsLess regulationLower energy pricesA trade policy that does not get to the "trade war stage", but gets favorable concessions.
Conversely, IF the yields rotate lower with 4.74%, and 4.64%, the next targets, that would take some of the pressure off stocks and could shift the storyline to the more positive scenarios.
Apple -11.7%Nvidia -15.3%Microsoft -9.3%Amazon -7.09%Plantir -25%Tesla -20%
This week we have the PPI tomorrow and the CPI on Wednesday which could be a catalyst one way or the other.
CPI is expected to rise by 0.3% for the headline and 0.2% for the core. The YoY is expected to rise to 2.9% for the headline from 2.7% while the core is expected to remain unchanged at 3.3%.
Also ahead are the start of the earnings calendar with the financials leading the way starting on Wednesday.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( US 10 year yield up seven of the last nine trading days )
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