Impact on each asset
USD ▲US dollarTailwind
XAU ▼GoldHeadwind
US ▼US stocksHeadwind
SET ▼Thai stocksHeadwind
BTC ▼CryptoHeadwind
Summary
The US 10-year yield touched 5.344% on Thursday, the highest since 2002, then fell more than 5bp to about 5.18% on Friday. ISM Manufacturing data showing cost pressures helped push long-term yields to multidecade highs. The S&P 500 ended the week up just 0.01%.
Why it moves markets
Higher bond yields raise borrowing costs and make stocks look less attractive against bonds, which weighs on equities, especially high-valuation names. Friday's decline eased some of that pressure.
Deeper view and what to watch
Watch whether long-term yields keep falling or retest the highs, especially as new inflation and cost data arrive. Yield moves affect US stocks, the dollar and risk assets worldwide when markets reopen on Monday.
Sources
For education only, not investment advice. Prices and figures change constantly, so check the sources before making decisions.