
Bad Us bond auction sends US yields higher, US stocks lower | MarketTalk: What’s up today? | Swissquote
Bad. Yesterday’s 30-year treasury auction in the US was bad. Then, the Federal Reserve (Fed) Chair Jerome Powell’s speech at an IMF event was hawkish. Powell repeated that the FOMC will move ‘carefully’ and that the Fed won’t hesitate to raise the interest rates again, if needed. The bonds sold off, the US yields spiked higher.
Of course, the sudden jump in US yields hit appetite in US stocks yesterday. The S&P500 fell 0.80%, and Nasdaq fell 0.82%. The US bond auction brought along a lot of volatility, questions, and uncertainty.
The US dollar jumped to its 50-DMA as a...