Bloomberg: A broad retreat in #bondmarkets dragged #stocks lower, putting a sudden halt to the #AI-fueled #equityrally that has pushed #USstocks from one record high to the next. #markets
2 BMO: Of course, this follows last week's sharp #equityrally that saw the #S&P500 jump 4.5% to a record high. #Yields are a touch higher, with the 10-year #Treasury #yield up about 2 bps to 4.27%, but last week's rally leaves them down almost 20 bps from the late-March high #markets #bonds