SVAC - Wall Street Breakfast: Rising Yields

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Rising yieldsWhile the S&P 500 is coming off its first losing week in three, the market is going into the final week of February with solid gains. The Dow and S&P 500 have already climbed more than 5% this month, the Nasdaq advanced 6.2% and the small-cap Russell 2000 outperformed with a gain of 9.3%. Some fears of rapidly rising bond yields are still settling in as U.S. stock index futures point to another weak open for today's session: Dow -0.7%; S&P 500 -1.1%; Nasdaq -1.5%.Bigger picture: The 10-year Treasury yield jumped 14 basis points last week to 1.34%, close to its highest level since February 2020. It even touched 1.37% overnight, meaning the benchmark rate has moved up 28 basis points so far this month.

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Wall Street Breakfast: Rising Yields