Stock Market News Today: Tech Stocks Plunge As Treasury Yields Spike
The 10-Year US Treasury yield surged to a high of 2.78% on Monday, representing its highest level since early 2019. The Dow fell over 400 points.
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The 10-Year US Treasury yield surged to a high of 2.78% on Monday, representing its highest level since early 2019. The Dow fell over 400 points.
The 10-Year US Treasury yield surged to a high of 2.78% on Monday, representing its highest level since late 2018.
The yield on the benchmark 10-year Treasury hit 2.63%, while mortgage rates have surged above 5% for the first time in years.
The Fed's balance sheet currently stands at about $9 trillion, up from $4 trillion just prior to the start of the COVID-19 pandemic.
Stocks had surged on Tuesday after Russia said it would pull back its troops from Kyiv and continue peace talks with Ukraine.