May 18 10-Year Treasury Hits 52-Week High as Trump’s Iran Warning Triggers Market

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Market

The equity market is feeling the heavy gravity of the bond market, where the 10-year yield tapped a 52-week high of 4.60% and the 30-year breached 5.1%.😊 😋

Dow Jones managed a modest green posture thanks to a defensive rotation into financials and consumer services, the Nasdaq slid over 0.5%.

While early optimism regarding a temporary waiver on Iranian oil sanctions tried to lift the morning tape, a stern rhetorical escalation from Donald Trump re-ignited energy anxieties, causing tech megacaps to pause ahead of Nvidia’s $NVDA ( ▼ 0.77% )  critical Wednesday print.

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