The 10-year Treasury yield ticked down for a second day, settling at 1.57% (Apr. 21). That’s close to the lowest rate in over a month. If the 10-year rate closes lower on Friday vs. the week-ago yield, the slide will mark the third straight weekly decline.
It’s been a year of revival so far for the previously trailing small-cap value space in the US stock market. Deciding if the party can last may depend on how stocks overall fare in the months ahead and whether the consensus forecast for a strong economic recovery is accurate.
* Former police office Derek Chauvin convicted of murdering George Floyd
* S. Korea exports — proxy for the health of global commerce — surge in April
* Pandemic reshuffles ranking of world’s largest economies
* Supply-chain disruptions taking heavy toll on small businesses in US
* China’s digital currency is new tool for striking back at critics
* Twelve states urge Biden to phase out gas-powered vehicle sales by 2035
* Property management is hot as demand for vacation rentals surges
* Bubble indicator for S&P 500 looking frothy again: