10-year Treasury yield reportedly tops 5%, then closes at 4.99%
Daily Traders Report says Wall Street fell as the yield hit 5% and reversed on September 14, ahead of that week's Federal Reserve policy meeting.
TLDR
A September 14 post says the 10-year Treasury yield traded at 5.014% before closing at 4.99%. The author stresses that touching 5% is different from closing above it. Daily Traders Report says stocks were lower ahead of that week's Federal Reserve policy meeting, with the Dow down 0.29%, the S&P 500 down 0.48% and the Nasdaq down 0.56%.
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