Friday, 12 February 2021

Stocks, US Treasury yield rise

Markets rose on Thursday.

The S&P 500 rose 0.2 percent to a record high while the STOXX Europe 600 rose 0.5 percent.

“The fiscal and monetary side of the equation seems priced into the market,” said Gregory Faranello, head of US rates trading at AmeriVet Securities.

The US 10-year Treasury yield rose on Thursday, reversing Wednesday's decline.

Ross Mayfield, investment strategy analyst at Baird, said that rising bond yields could become “a headwind to the equity markets”.

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