Nasdaq Composite Reaches New Record High as 10-Year Treasury Yield Tops 5.3%
The Nasdaq Composite reached a new record high amid stock gains, while the 10-year US Treasury yield climbed above 5.3%.
The Nasdaq Composite index reached a new record high amid climbing stock prices, even as yields on US government bonds surged, financial outlets MarketScreener and IBTimes reported.
According to the reports, investors continued pushing equity prices higher while looking past rising bond yields. Concurrently, the yield on 10-year US Treasury notes climbed past the 5.3% threshold.
Further details regarding other major market indexes and full trading trends on Wall Street have not yet been released.
Sources: marketscreener.com, ibtimes.com
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