10-Year Yield Hits 5.20% as Oil Swings and Stocks Stall
The S&P 500 closed nearly flat as the 10-year Treasury yield surged to 5.20%, its highest since 2007, while Brent crude whipsawed around $100. Falling jobless claims reinforced the case for further Fed tightening, keeping equity upside capped.
Source: latimes.com · wptf.com