Treasury Yields Are Rising Back Towards Cycle Highs
Treasury Yields Are Rising Back Towards Cycle Highs: Tom Essaye Quoted in Barron’s
Stocks Open Lower as Retail Sales, Middle East Conflict Overshadow Earnings
Sevens Report Research’s Tom Essaye noted prior to the retail sales report that markets appeared to react to news President Joe Biden will visit Israel on Wednesday.
“Treasury yields are rising back towards cycle highs on news that President Biden will travel to Israel tomorrow to try and ease tensions in the region,” Essaye wrote.
Earnings season is kicking into full gear, but so far the reports have been overshadowed by the Israel-Hamas war and economic developments.
Also, click here to view the full Barron’s article published on October 17th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.
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