Bonds are getting smoked
Bonds are selling off on Tuesday morning.
Near 9:45 am, the yield on the benchmark 10-year note had spiked to yet another year-to-date high of 2.43%.
Yields, which rise when their prices fall, were higher across all durations of US government bonds.
Stocks are lower again after closing down for a third straight session on Monday. Near 9:45 a.m. ET, the Dow was down 27 points, the Nasdaq was down 3 points, and the S&P 500 was down 27 points.
In economic data, the National Federation of Independent Business released its latest small business report, which showed that its small business optimism index rose to 98.3 in May.
The April report on job openings and quits is due at 10:00a.m. ET.
Investing.com
- Uncertainty over election results may keep market volatile: Experts
- 7 cold destinations in India to escape the summer heat in May
- WhatsApp working on feature that will restrict users from taking screenshots of profile pictures: Report
- Having AI knowledge might increase your chances of landing job interviews, UK study finds!
- After one death due to West Nile Virus in Kerala, Tamil Nadu deploys Mobile Medical Teams in Coimbatore to check disease spread