2013-06-24businessweek.com

More signs of distress in China's economy and rising U.S. bond yields caused a big drop in U.S. stocks on Monday.

...

The declines began with a sharp sell-off in Asia, including a 5 percent plunge in China's Shanghai Composite Index. That was the index's biggest loss in four years. The decline was prompted by a government crackdown on off-balance sheet lending, which made investors worry about China's economic growth.'

...

In the U.S., the yield on the 10-year Treasury note jumped to 2.62 percent from 2.54 Friday, the highest level in almost two years. As recently as May 3, those yields were just 1.6 percent.



Comments: Be the first to add a comment

add a comment | go to forum thread