{"id":75709,"date":"2023-10-23T03:33:28","date_gmt":"2023-10-23T07:33:28","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/us-stocks-slide-on-rising-treasury-yields-erasing-october-gains\/"},"modified":"2023-10-23T03:33:31","modified_gmt":"2023-10-23T07:33:31","slug":"us-stocks-slide-on-rising-treasury-yields-erasing-october-gains","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75709","title":{"rendered":"US Stocks Slide on Rising Treasury Yields, Erasing October Gains"},"content":{"rendered":"
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\u00a9 Pavlo Gonchar \/ SOPA Images\/Sipa via Reuters Connect <\/span>
\n<\/i>\n<\/div>\n

This week, U.S. stocks including DJIA, , and have experienced a decline, wiping out the gains made earlier in October. According to FactSet data, these indices have seen a monthly drop of 1%, 1.2%, and 1.5% respectively. <\/p>\n

The slump in the stock market is largely attributed to the surge in interest rates in the bond market. This increase in Treasury yields has exerted pressure on equities, leading to their downward trend. The rise in interest rates comes on the back of comments made by Jerome Powell about a potential rate hike intended to curb inflation and manage economic growth.<\/p>\n

Despite a slight pullback on Friday, the yield on the 10-year Treasury note reached its highest level since July 2007 on Thursday. This surge is seen as a significant factor contributing to the current volatility in the stock market. <\/p>\n

In summary, rising Treasury yields have led to a slide in U.S. stocks this week, erasing gains made earlier in October. The bond market has seen an increase in interest rates following Jerome Powell’s comments about a possible rate hike, which has put pressure on equities and led to their decline. Despite a retreat on Friday, the yield on the 10-year Treasury note soared to its highest since July 2007 earlier this week.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Pavlo Gonchar \/ SOPA Images\/Sipa via Reuters Connect This week, U.S. stocks including DJIA, , and have experienced a decline, wiping out the gains made earlier in October. According to FactSet data, these indices have seen a monthly drop of 1%, 1.2%, and 1.5% respectively. The slump in the stock market is largely attributed […]<\/p>\n","protected":false},"author":1,"featured_media":800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-75709","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nUS Stocks Slide on Rising Treasury Yields, Erasing October Gains | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Pavlo Gonchar \/ SOPA Images\/Sipa via Reuters Connect This week, U.S. stocks including DJIA, , and have experienced a decline, wiping out the gains made\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=75709\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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