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Stock surge sends bond prices and gold south

Published 11/30/2017, 01:27 PM
Updated 11/30/2017, 01:30 PM
© Reuters.  Stock surge sends bond prices and gold south
  • Tax cut optimism is making for a good excuse to keep buying shares, with the Dow ahead 1.4% to $24,275, the S&P 500 up 1%, and the Nasdaq higher by 0.75%.
  • Who needs gold (NYSEARCA:GLD) in this environment. Holding flat for much of the day, the metal is now down 1% to $1,273 per ounce. The 10-year Treasury yield has hit its highest level in more than a month, up four basis points to 2.43%. TLT -0.75%, TBT +1.5%
  • No report on asset prices these days is complete without Bitcoin, and it's back in rally mode after nearly falling back through $9K, now down just 1.3% today to $9,699.
  • Previously: Tax cut optimism helps fuel continued rally (Nov. 30)
  • Previously: Bitcoin correction nears 20% as IRS moves in (Nov. 30)
  • Now read: The Fat Lady Is Singing Again For The Bond Market


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