Stock Market Update
05-Nov-24 13:55 ET
Treasury yields move lower
Dow +354.26
at 42148.86,
Nasdaq +223.56
at 18403.55,
S&P +56.89
at 5769.58
[BRIEFING.COM] The major indices moved mostly sideways in recent trading. The Nasdaq Composite sports a 1.2% gain.
Treasury yields moved lower after today's $42 billion 10-yr note sale met solid demand. The auction drew a high yield of 4.347%, which stopped through the when-issued yield by 0.3 bps while the bid-to-cover ratio (2.59x) was above the average seen at the previous twelve auctions (2.51x). Indirect takedown (61.7%) made for the only blemish, since it was a bit below average (67.2%).
The 2-yr yield moved to 4.21% from 4.23% and the 10-yr yield moved to 4.31% from 4.35%.
