Stocks fall after hot inflation data drives bond yield spike

Discussion in 'Economics' started by ipatent, Nov 10, 2021.

  1. ipatent

    ipatent

    Dow drops 240 points, Nasdaq falls 1.7% after hot inflation data drives bond yield spike

    The yield on the benchmark 10-year Treasury, which had trended lower in recent weeks, jumped by about 11 basis points Wednesday after the CPI reading. (1 basis point is 0.01 percentage points.) A poor auction in 30-year bonds that afternoon added steam to the spike.

    As Treasury yields surged, investors dumped high-flying technology stocks and bid up bank stocks. They also sought refuge in gold and bitcoin.


     
    Eliteswiz likes this.
  2. Nobert

    Nobert

  3. sandy_s

    sandy_s

    There is always a reason published why stocks fall.

    That is entertainment.
     
  4. MKTrader

    MKTrader

    It usually is, but inflation is real and not very entertaining.
     
  5. maxinger

    maxinger

    Stocks fall after hot inflation data drives bond yield spike

    --->

    Stocks, copper, crude oil, EUR, GBP, bonds ... down massively,
    and gold up massively after hot inflation data
     
    Last edited: Nov 10, 2021
    ipatent likes this.
  6. ipatent

    ipatent

  7. maxinger

    maxinger

    unfortunately, those professional writers didn't do a good writeup.
    They don't have a good helicopter view.
    They had tunnel vision and they just focused on stocks and yield.

    That's why I changed the title (see my earlier posting).
     
    sandy_s likes this.
  8. sandy_s

    sandy_s

    It is...

    By the time it is published- its too late.

    That is why it is entertaining.
     
  9. sandy_s

    sandy_s

    Probably this writer focusses only on stock and yield.

    Correlation...matters a lot!