Market Extra: Why ‘dramatic’ rate repricing could leave stock market facing ‘fits and starts’ rest of year

by | Mar 1, 2023 | Stock Market

Another round of interest-rate adjustments struck financial markets on Wednesday, putting equities further at risk of missing out on a sustainable return to an early 2023 rally.As the policy-sensitive 2-year Treasury yield inched closer to 5% and the benchmark 10-year rate briefly pierced 4%, investors and traders sold off the broader S&P 500 and Nasdaq Composite in tandem with bonds, underscoring just how wobbly risk assets could remain for the rest of 2023. Meanwhile, the 1-year T-bill rate BX:TMUBMUSD01Y moved further…

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