The yield on the US five-year Treasury note rose to 5%, a level not seen since 2007, according to Bloomberg data.
Sentimentbearish 30
Bearish · 30 of 100
Impact70
medium · sector-wide
Confidence80%
high confidence · 2 wires
Eventdeveloping
v2 · alerted to followers
WHAT WE KNOW
The US five-year Treasury yield reached 5% for the first time since 2007.
Data reported by Bloomberg.
The five-year Treasury yield hit 5% for the first time since 2007. The move reflects sustained market expectations of higher policy rates and adds to pressure on equities, particularly growth and technology names.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
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