A Relentless Climb in Bond Yields Tests Appetite for Stocks

Hardika Singh

"Stay calm and aggressive." — Gabrielle Reece

Good evening, 

A weeklong rebound in stocks showed signs of a pause this week, dragged down after a punishing move higher in Treasury yields. 

While investors largely shrugged off Moody’s downgrading U.S. debt earlier in the week, they couldn’t ignore a weak 20-year Treasurys auction, which sent stocks tumbling and longer-term yields surging higher. A bigger hit came Thursday when the House narrowly passed President Trump’s “one big,...

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