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

November 11, 2023 • 00:26:11
Markets Muddle Higher As Yet Another US Credit Rating Agency Goes Negative!
Digital Finance Analytics (DFA) Blog
Markets Muddle Higher As Yet Another US Credit Rating Agency Goes Negative!

Nov 11 2023 | 00:26:11

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Show Notes

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 […]
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