Stocks

Wall Street Review: Stocks Pull Back as Bond Yields Jump

The 30-year Treasury bond yield rose above the key 5 percent level on May 15.
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Wall Street Review: Stocks Pull Back as Bond Yields Jump
Traders work on the floor of the New York Stock Exchange on May 11, 2026. Angela Weiss/AFP via Getty Images
Panos Mourdoukoutas
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Rising global Treasury bond yields weighed on investor enthusiasm for U.S. equities late in the week, pulling major indexes back from record highs reached earlier after strong earnings reports from tech giants.

Higher oil prices, elevated inflation readings, and political instability in the UK contributed to the sell-off in bonds toward the end of the week.

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Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”