10-year Treasury yields rise on higher inflation data, leaving stock market mixed
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- 1The stock market showed mixed results due to higher-than-expected inflation figures.
- 2The 10-year Treasury yield rose 9 basis points to record 5.3%.
- 3The technology and financial services sectors declined amid ongoing bank earnings reports.
So what's the key point?
The stock market moved up and down because inflation rose more than expected. As Treasury yields rose to 5.3 percent, technology and financial services sectors fell.
Source Yahoo Finance +2 · View original ↗
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