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March 8, 2021

Why rising rates are unsettling Wall Street

  • The speed at which the yield on the 10-year Treasury has climbed has forced investors to re-examine how they value stocks and every other investment.
    • By STAN CHOE and ALEX VEIGA
    AP Business Writers

    NEW YORK (AP) — Interest rates keep marching higher, and Wall Street keeps shaking because of it.

    The yield on the 10-year Treasury climbed back above 1.50% last week, prodded higher by comments by the Federal Reserve's chair, and it helped send stocks on Wall Street on another slide. The speed at which the yield has climbed has forced investors to re-examine how they value stocks, bonds and every other investment. And the immediate verdict has been to sell them at lower prices, particularly the most popular investments of the last year.


     
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