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By Staff Reporters
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- The yield on the 2-year Treasury is up 10.1 basis points to 3.499% as of 3 p.m. Eastern. Yields move in the opposite direction to prices.
- The yield on the 10-year Treasury rose 14.9 basis points to 3.339%, its highest since June 15th, according to Dow Jones Market Data.
- The yield on the 30-year Treasury jumped 13.9 basis points to 3.482% — the highest since May 12th, 2014.
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- The Dow Jones Industrial Average finished 435.98 points higher, or 1.4%, to 31,581.28.
- The S&P 500 added 71.68 points, or 1.8%, ending at 3,979.87.
- The NASDAQ advanced 246.99 points, or 2.1%, to finish at 11,791.90.
- All three indexes posted their biggest daily percentage gain since Aug. 10th, according to Dow Jones Market Data.
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- Mark Mobius PhD warned of further downside for US markets and the economy.
- The veteran investor singled out Europe’s energy crisis and China’s lockdowns as key concerns.
- Mobius said the Fed may be forced to hike interest rates to keep up with the European Central Bank.
And, he predicted further pain for US markets, and issued a bleak forecast for Europe and China, in a CNBC interview.
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Filed under: Alerts Sign-Up, Experts Invited, Financial Planning, Investing | Tagged: bills, bonds, DJIA, Mark Mobius, NASDAQ, notes, S&P, Treasury yields |
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