⚠️BREAKING: *WALL ST OPENS HIGHER TO START THE WEEK AS TREASURY YIELDS EXTEND LOSSES - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
The two-year yield inched down to 4.85% after touching its highest since 2007 last week. [US/]
The three main U.S. stock indexes rallied on Friday and notched weekly gains as yields pulled back from their peaks after comments from Fed policymakers calmed jitters around aggressive rate hikes. "Investors are bracing for Powell's comments tomorrow and I don't think he's going to say very much from what he has been saying all along. The Fed has been basically setting the stage for further rate hikes, perhaps beyond May and the market is well aware of that," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
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