30-Year Yield Sees 5.01%
Live Blog Update #3 Published
The 30-year long bond yield just crossed 5.01%, a level it hasn’t seen since July. The move is impossible to ignore for rate-sensitive markets as it historically serves as a trigger for a broader market sell-off.
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Notable short-seller Michael Burry is throwing his weight behind GameStop’s reported bid for eBay, dismissing size concerns over the target being roughly four times larger, saying the deal “makes perfect sense.” GME stock is sinking nearly 7% while potential target company eBay is climbing 5.3% higher.
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Coinbase (NASDAQ: COIN) added 2.5% after lawmakers reached a bipartisan accord on the CLARITY Act, paving the way for a cleaner crypto regulatory framework. Bitcoin crossed $80,000 for the first time since January, adding fuel to the move.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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