Yields Approach An Inflection Point
Please choose any of the following articles below that interest you. Each article is listed under the month it was written. Articles written in prior months may still have educational interest.
Despite a sell off in equity markets towards the end of February, equity indexes managed to post a gain for the month, with energy and commodities leading.
A rapid rise in interest rates over the past few weeks elevated the yield on the 10-year U.S. Treasury bond to 1.60% in February, eclipsing the yield on the S&P 500 Index of 1.53%. When the yield on the 10-year Treasury surpasses that of the S&P 500 Index, it is known as an inflection point affecting further demand for stocks.
Sources: Treasury, Federal Reserve, Bloomberg
Print Version: Equity Overview March 2021
