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Why High Bond Yields Aren’t Sinking Stocks

1 day 11 hours ago
The 10-year Treasury yield, the most important number in global finance, has broken through to its highest level since 2002. Bond yields are assumed to have an inverse relationship with stocks, so a move of this magnitude should be a problem for equities. But it hasn’t been, and Bloomberg Opinion columnist John Authers explains why. (Source: Bloomberg)

US Mortgage Rates Hit Highest Level Since 2023

1 day 11 hours ago
The contract rate on a 30-year fixed mortgage rose 19 basis points to 7.49% in the week ended Oct. 2, its highest point since November 2023. This could pose a problem for Republicans heading into the midterm elections. Bloomberg Surveillance anchors discuss the news. (Source: Bloomberg)