UDOW - Which Is Right? The Bond Market Or The Stock Market?
Prices in the bond market and in the stock market have been traveling in the same direction.
This is not the pattern one might expect.
Looking at the bond market first, bond prices have been rising for the past three months.
The yield on the 10-year Treasury note hit 3.25 percent on November 8, 2018. Monday morning, February 4, 2019, the 10-year opened to yield 2.70 percent. This yield had dropped as low as 2.55 percent in early January. Bond prices move inversely with bond yields.
In January 2019, the S&P 500 stock index rose