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Bond yields jump as investors price in more potential Fed hikes
Stocks slid, with the Nasdaq and S&P 500 pulling back from record territory alongside the spike in yields.
MarketWatch reports that bond yields surged and stocks fell as investors grew more concerned about additional potential Federal Reserve rate hikes.
According to MarketWatch, the pullback left the Nasdaq and S&P 500 retreating from record territory after yields suddenly jumped.
Latest closeS&P 500 7,706.03 ▼0.8%|Nasdaq Comp. 26,936.04 ▼0.7%
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