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U.S. stocks moved higher in early Friday trading as investors looked to rebound from a difficult October with eyes on a crucial jobs report heading into next week’s presidential elections and Federal Reserve policy meeting.
Updated 11:16 AM EDT
Bonds MOVE
Benchmark 10-year Treasury note yields extended their autumn surge into November, rising another 5 basis points from overnight levels to 4.345%, the highest since early July, following on from the biggest bond market selloff in two years last month.
Shorter-term yields are also on the move, with 2-year notes rising to 4.164% as investors picked through this week’s mixed jobs, inflation and consumer spending data.
The Merrill Lynch Option Volatility Estimate, better-known as the MOVE index and a key gauge of bond market volatility, was last marked at 135.18, a 36% increase over the past 3 months and the highest levels since May of 2023.
Anothermike
Article URL : https://finance.yahoo.com/news/stock-market-today-stocks-higher-093130965.html?fr=sycsrp_catchall