Markets Muddle Higher As Yet Another US Credit Rating Agency Goes Negative!

Its been another crazy week on the markets, with a still-jittery bond market clouding the outlook for a rally in U.S. stocks. Stocks and bonds have been in a tight relationship over the last few months, with the S&P 500 index surging nearly 7% in the last 10 sessions while the benchmark 10-year Treasury yield has tumbled from a 16-year high to 4.657. Helping market sentiment on Friday was a steadier US Treasury market. After yields tumbled on Wednesday and surged on Thursday, they were little changed on Friday. The yield on the 10-year was 3 basis points higher in […]