Dow falls 330 points as 10-year Treasury yield hits highest since 2007
- —Dow fell 330.74 points (0.63%) to 52,090.46, Nasdaq dropped 0.77%
- —10-year Treasury yield reached 5.041%, the highest since 2007
- —Brent rose 3% to $109 after Saudi Arabia closed a pipeline
- —CME FedWatch: probability of a 25 bps rate hike rose from 33.1% a month ago
Why it matters: Rising yields and oil prices increase pressure on risk assets, including bitcoin and crypto stocks, ahead of the Fed's decision.
Source: Invezz