Moving opposite to prices, bond yields ticked higher as stock indices remained flat

Published: August 06 2022, 18:00 GMT+0

Moving opposite to prices, bond yields ticked higher as stock indices remained flat

Yesterday's broader market activity meant that markets completed a mixed session yesterday, while Nasdaq slipped 0.5% and closed at 12,658. Dow Jones closed the day at 32,800, having gained 0.23%. S&P 500 closed at 4,145.19, a 0.16% change. Trading in the US will continue Monday, meanwhile European markets closed lower yesterday; EuroSTOXX is down by 0.78%, slumps to 3,725.39. US markets were mixed as rising bond yields sparked inflation fears. The iShares U.S. Treasury Bond ETF declined 1% to trade at $24. Many companies in the S&P 500 reporting Q2 results have beaten Wall Street estimates, with Eli Lilly and…

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