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Stocks and Bonds Decline Amid Concerns of Rising Interest Rates Following Jobs Report

share-iconFriday, January 10 comment-icon1 week ago 7 views
News sources:
nytimesNYTIMES
Stocks and Bonds Decline Amid Concerns of Rising Interest Rates Following Jobs Report

Credited from: NYTIMES

  • Stocks and bonds fell sharply on Friday, fueled by concerns over high government borrowing and persistent inflation.
  • The latest labor market data revealed that the economy is operating robustly, raising fears of increased inflation and curtailing hopes for further rate cuts by the Federal Reserve.
  • The yield on the 10-year U.S. Treasury note rose dramatically this week, hitting its highest level since late 2023.
  • The S&P 500 index experienced a significant drop of over 2 percent this week, marking its worst performance since November.
  • Globally, rising yields affected bonds in the UK and Germany, indicating broader implications for international markets.

For the full article, please visit The New York Times.

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