The 10-Year Treasury Yield May Be About To Hit 6%
The 10-year Treasury yield has surged past 5% and could approach 6%. Rising nominal rates are driven by higher real yields.
Market News
Dow holds steady as Nasdaq falls 1.24% on AI stocks, oil surge
US stocks ended mixed on Thursday, with the Nasdaq Composite posting its steepest decline among the major indexes as artificial intelligence stocks came under pressure and rising oil prices added to inflation concerns. The Nasdaq fell 1.24% to 27,197.10 points, while the S&P 500 lost 0.46% to 7,765.70.
U.S. Troops Are Positioned, And The Oil Price Knows It
Oil prices remain elevated despite improving supply, driven by escalating U.S.-Iran tensions and looming post-midterm election risks. Refinery capacity is the critical bottleneck, with diesel crack spreads at all-time highs due to war damage and outages.
Treasury yields are 'really, really high,' but can come down soon, Bessent's new adviser says
David Zervos said that bond yields are "really, really high by any historic standard, so I think we have some room to come down in the future." Zervos' comments come after the 10-year and 30-year U.S. Treasury yields have marched to 24-year highs in recent days.
AAII Sentiment Survey: Pessimism Plummets
Bullish sentiment increased 5.6 percentage points to 40.3%. Neutral sentiment increased 1.9 percentage points to 20.8%.
Rising Yields Creates Value: JPMorgan's Berro
Brij Khurana, senior managing director and fixed income portfolio manager at Wellington, and Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, join Scarlet Fu on "Bloomberg Real Yield." A rally in oil prices rippled through global markets, sending stocks lower and whipsawing bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates.
Integra Resources: The Market Pays For One Mine, And I Get The Second For Free
Integra trades at half of what I think its assets are worth, and the gap looks too large for a company with a permit clock running. I tested the obvious explanation first: Florida Canyon's costs jumped this year. They did, but the price already pays for the mine on a slow cost glide. Set both projects to zero, and the stock trades about where gold producers trade. DeLamar, with a feasibility study and a federal schedule, comes almost free.
Rates keep going up': Fed minutes, Waller and the case for another hike
Minutes from the Federal Reserve's September meeting show all 19 participants supported the first rate hike in three years, and several see another hike as appropriate this year. Yahoo Finance's Julie Hyman, Jake Conley and Pras Subramanian break down the minutes, Fed Governor Chris Waller's case for more hikes, and why yields keep rising even as oil jumps on reports of possible US strikes on Iran.
The Credit-Card Bill That Banks Fear Most Has Gained Trump as an Ally
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards.
The options market is reminding investors there's a cure for rising bond yields — higher yields
The MOVE Index — the Treasury market's “fear gauge” — has reached heights that in the past suggested yields may have peaked, at least for now.
The Stock Market Has A 5% Problem
Despite 10-year Treasury yields at 5.3%, U.S. equities like SP500 and QQQ remain strong, though broader indexes and real estate show rate sensitivity. High rates increase both fixed income and equity volatility; short-term Treasuries like SGOV offer stability, while long-term Treasuries like TLT and IEF present asymmetric opportunities.
Fanuc: Recent Developments And Data Look Favorable
Fanuc Corporation remains a 'Buy' based on my evaluation of the latest news flow and industry statistics. The Factory Automation segment is expanding capacity, supported by robust Japanese machine tool orders. FANUY's ROBOT division benefits from the U.S. reshoring wave on the back of a strong 21% YoY North American sales growth last quarter.
AI Agents Don't Clock Out, So Cloud Software Keeps Billing
Software sector ETFs like XSW and IGV have rebounded YTD as AI fears around seat license erosion proved overblown. I expect the market to increasingly differentiate between software winners and losers, making selective positioning critical for alpha.
Strong 30-Year Treasury Auction Shows That Bidders Remain Hungry for Bonds
Buyers—especially ones abroad—showed up in force at the 30-year Treasury auction on Thursday. It follows Wednesday's strong 10-year auction in offering a much-needed reprieve to battered Treasuries.
AI: More Off-Balance Sheet Shenanigans
Nvidia is backstopping more than $100 billion in debt for a massive AI data center in Ohio for OpenAI, despite OpenAI's profitability and falling market share concerns. Hyperscalers' capex budgets are projected to surge 90% YoY in 2026, nearing $790 billion, far outpacing current AI service growth.
Little relief expected for gas prices ahead of Election Day, according to prediction markets
Gas prices have been elevated ever since the start of the Iran war, and little relief is expected ahead of the midterm elections on Nov. 3. Speculators on prediction market platform Kalshi place more than 80% odds that gas prices will remain above $4 per gallon on Election Day.
The Market Is Hitting Record Highs
Nvidia, AMD and Marvell are near record highs, but plenty of household names are not. Yahoo Finance Executive Editor Brian Sozzi highlights big caps including PG&E, PayPal, Ford, Nike and Las Vegas Sands, which would each need to gain more than 200% to reclaim their all-time highs.
Beyond Hopes New Meat-Free Brands Will Power a Turnaround
The plant-based food company, which has dropped the word “Meat” from its branding, recently moved into faster-growing categories such as protein bars, supplements and beverages.
Stocks at a crossroads? The rally and rising rate risk
The Investment Committee debate rising rate risk for the rally and share their portfolio strategies.
AI Spending Questions Persist as Washington Targets Tech Visas
Bloomberg's Ed Ludlow breaks down the Trump administration's decision to suspend an immigration program for multiple tech firms, including Microsoft, alleging widespread abuse of that worker visa system. Plus: Samsung's quarterly profit jumps and TSMC sales surge, but investors are still worried about the staying power of the AI investment boom.
