Stocks End a Volatile Week Mixed As Job Gains and Bond Yields Surge
Major stock indices ended a volatile week mixed. Bond yields surged this week and Friday’s job gains far exceeded expectations increasing the likelihood of another FED hike in November. Treasury bond yields surged with the 30-year bond yield at 4.961% and the 10-Year note at 4.786%. Freddie Mac reported that the average 30-year mortgage rate […]