VIACA - Wall Street Breakfast: Yields Take Hold Of Stocks Again

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. Yields take hold of stocks againThe broader market is pointing to a slightly higher open on Wall Street, but Treasury yields are pressuring tech shares again. The S&P ([[SPX]], [[SPY]]) and Dow ([[INDU]], [[DIA]]) futures are up, but the Nasdaq 100 futures (NDX:IND) are losing ground.The 10-year Treasury yield, which ramped up yesterday, is now up another 5 basis points to 1.77%. It's now up to the highest level since last January. The selloff in bonds has come with a combination of optimism over the U.S. vaccine rollout and the possibility of an infrastructure bill providing more stimulus to the economy.Rupert Thompson, chief investment officer at wealth manager Kingswood, told the Financial Times that the “massive” scale of stimulus has caused “considerable nervousness over inflation and

For further details see:

Wall Street Breakfast: Yields Take Hold Of Stocks Again