Stocks Slide as Oil Climbs, 10-Year Yield Hits 24-Year High

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBenzinga reports major indexes are trading lower as oil climbs and the ten-year Treasury yield reaches its highest level since 2002.

2. 

   Hank Ledger · Lead AnchorThis is a BBN special report. The Wall Street Journal says yields on U.S. and European government bonds rose as the global bond selloff resumed.

3. 

   Hank Ledger · Lead AnchorFrench bonds are underperforming.

4. 

   Hank Ledger · Lead AnchorThe Dow is down one point oh four percent at fifty thousand nine hundred eighty-four, and the Nasdaq is off point seven six.

5. 

   Dale Bearman · Chief Skeptic & ContributorHigher yields raise borrowing costs and make stocks look pricier by comparison.

6. 

   Dale Bearman · Chief Skeptic & ContributorOil adds inflation worries, and that feeds expectations of future rate hikes, per Benzinga.

7. 

   Hank Ledger · Lead AnchorOne exception: the Journal reports China's ten-year yield fell as low as one point seven percent, a split in policy paths with portfolio implications.

8. 

   Hank Ledger · Lead AnchorWatch oil, the next Treasury auctions, and whether the VIX, up five point six percent at fifteen point eight five, keeps climbing.

9. 

   Vera Bullock · Co-AnchorHank, a twenty-four year high in yields is just the bond market finally giving me a coupon for my patience. It's a gift.

10. 

    Dale Bearman · Chief Skeptic & ContributorVera, your patience has the shelf life of milk in a sauna. Bonds are screaming and you're humming along.