Wall Street stocks experienced a significant decline from soaring yields and concerns about the global oil supply as investors grappled with persisten
MARKETS t geopolitical tensions. Most equities traded lower as yields on nearly all US debt increased, with 10-year US Treasury yields rising by 8 basis points to 4.91%. Higher rates negatively impact corporate earnings through higher borrowing costs and the impending drag on the economy as consumers eventually tighten their belts. Still, the two largest economies in the world are surpassing expectations, which, in theory, should be a favourable development for risk markets.
Hence, left to its own devices, the US bond market tends to be highly volatile when the bond-buying world remains in price discovery mode.
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