Michael Sheldon Yields Quotations

Today, the markets once again pushed to new highs for the indices but the rally appears to have stalled. The likely culprit is that higher bond yields may finally be weighing on the minds of investors.

Once bond yields started moving higher again, investors reflected on the interest rate environment and decided to take profits off the recent highs.

A further rise in oil prices and a retreat in Treasury yields could also create more headwinds for the market,

Buying enthusiasm dried up as the day progressed. Lingering worries over rising energy prices and higher bond yields may have finally caught up with the market.