Why is United States 10-Year Treasury yield climbing today? By Investing.com
• United States 10-Year Treasury yields climbed today as investors worried the Federal Reserve might hold interest rates steady instead of hiking them. • The rise in yields coincided with a market dip, including a 0.3% drop in the S&P 500 and a 0.4% decline in both the Dow Jones and NASDAQ. • Higher Treasury yields increase the discount rate used to value future corporate earnings, which draws investment capital away from stocks and into bonds.
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