BLOOMBERG Bloomberg Markets August 19, 2016
Set for the first weekly declines as well in several the first down week in three. For the nasdaq, the first down eight. The defensive groups doing the worst today. Take a look at the imap for the map of the groups on the move. Utilities and telecoms the worst performing groups. Like telecoms and utilities are down because bond yields are up. We tend to see an inverse relationship there. But the 10 year end to your yields up by five basis points today. This is a reversal of what weve seen this week. Twoyear yields up by five basis points today. The market is not accurately estimating the numbe...