U.S. stocks climb, Treasury yields rise as investors await Powell

U.S. stocks opened marginally higher Thursday, struggling to reverse losses from earlier in the week, while Treasury yields rose as investors waited to hear from Federal Reserve Chairman Jerome Powell.

Still, investors remained focused on bond yields as the 10-year Treasury yield rose, BX:TMUBMUSD10Y moving to within a few basis points of 5%, its highest level since the summer of 2007. It was up roughly 3 basis points on the day, according to FactSet data. Other Fed officials making comments on Thursday include Chicago Fed President Austan Goolsbee speaking in Madison, Wisconsin at 1:20 p.m., and Fed Vice Chair for Supervision Michael Barr speaking at a Boston Fed conference at 1:30 p.m.

Existing home sales and leading economic indicators, both covering September, will be released at 10 a.m.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Bond math' shows traders bold enough to bet on Treasurys could reap dazzling returns with little riskJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow ekes out gain as U.S. stocks stage big reversalJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

7 stocks are holding up the U.S. market. Here is why they may soon fall back to earth.Joseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Potential benefit of owning stocks over bonds has shrunk to its lowest level in 21 yearsJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500 futures extend losses as Treasury yield nears 5%, Powell speech loomsJamie Chisholm is a markets reporter based in London.
Source: MarketWatch - 🏆 3. / 97 Read more »

10-year Treasury yield rises as high as 4.98% ahead of Powell speechU.S. Treasury yields rose on Thursday, with the 10-year Treasury extending its latest multiyear high as investors awaited remarks from Fed Chair Jerome Powell.
Source: NBCLA - 🏆 319. / 59 Read more »