I chuckle when i see quotes like these on the financial websites. It reminds me to stand back from the day to day noise to stay focused on the big picture.
AP Stocks Plummet on Surging Bond Yields Wednesday June 20, 4:52 pm ET By Madlen Read,
Stocks Fall As Soaring Bond Yields Rekindle Interest Rate Fears
NEW YORK (AP) -- A surge in Treasury yields rattled Wall Street Wednesday, forcing stocks to give up early gains and drive down the Dow Jones industrial average more than 140 points.
The 10-year Treasury note's yield soared to 5.15 percent late Wednesday from 5.09 percent late Tuesday, reigniting worries among stock investors that high rates could thwart corporate deal-making and further injure the limping housing market....
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