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Higher rates halt stock rally, for now

Published 05/15/2018, 09:49 AM
Updated 05/15/2018, 09:49 AM
© Reuters.  Higher rates halt stock rally, for now
  • The 10-year Treasury yield has blasted through 3%, up nearly 6 basis points this morning to 3.06%. TLT -1%, TBT +2%
  • The April retail sales report wasn't a particularly strong one, and Home Depot (NYSE:HD) reported light sales for Q1, but HD execs took note of the harsh weather, and say May sales are off to a rollicking start.
  • In early action, the Nasdaq is down 1% and the S&P 500 and DJIA each 0.7%.
  • Gold is also down nearly 2% to prices not seen since late last year.
  • ETFs: TLT, TBT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, SPTL, DLBS, VUSTX, TYBS, DLBL
  • Now read: Why Everyone Hates Bonds


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