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Bond yields jump as stocks open lower, offsetting Bessent intervention
In morning trading, US stocks opened lower as bond yields rose sharply, undoing much of the boost seen after efforts attributed to Bessent, according to WSJ Markets.
The article also notes that Brent crude was moving higher at the same time, indicating strength in oil prices alongside the fixed income move.
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%
← Newer storyBond market steady after Treasury intervention as crude edges higherOlder story →Stocks fall as Brent crude rises, per market wrap