Stocks turn north as interest rates push all time highs. The benchmark 10-year note yield traded briefly traded at 1.187%, its highest level since March. The 30-year bond rate climbed to 1.88%.
- S&P 500: 04%
- Nasdaq: -0.08%
- Dow Jones: 21%
“There has been a short-term tone shift in the market,” wrote Gregory Faranello, head of U.S. rates at AmeriVet Securities. “Markets have shifted in mindset as the Democratic ripple is digested short-term. The focus is now turning to growth and inflation and perhaps a combination of both.”
Crude Oil and Natural Gas News
Bulls drive crude oil prices above $53 as OPEC+ cuts has pushed markets to recent highs. Crude oil prices currently trading around $53.15. Natural gas fall flat today amid weekend forecasts continued to call for mild temperatures and diminished heating demand. Natural gas price currently trading around $2.740
US Energy News
- Antero Resources upsizes debt offering
- PXD/PE merger complete
International Energy News
- EIA Short term outlook
- Shell to cut 300 North Sea jobs
- #TechnicalTuesday from DRW
- Saudi crude keeps flowing to Red Sea
- UK wants nuclear
