Weekly Wall Street Cheat Sheet

The stock market closed with a somber note last week, painting a picture of caution and recalibration. Rising market rates played the villain in this financial drama, reflecting persistent inflation concerns and the looming specter of the Federal Reserve maintaining higher interest rates for longer than many had hoped. Let’s break down the numbers: Now, here’s where things get spicy. The 10-year Treasury yield surged a whopping 18 basis points to 4.78%, while its shorter-term cousin, the 2-year yield, settled 12 basis points higher at 4.40%. This dance of the yields tells us a story of market expectations and economic resilience that’s hard ...