Villere & Co. partner and portfolio manager Sandy Villere on his investment strategy for today’s market.
U.S. equity markets were mixed Friday morning as the 10-year yield pulled back from its highest level in a year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 30965.05 | -436.96 | -1.39% |
| SP500 | S&P 500 | 3795.48 | -33.86 | -0.88% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13038.730432 | -80.70 | -0.62% |
The Dow Jones Industrial Average was trading down 47 points, or 0.15%, while the S&P 500 and the Nasdaq Composite were higher by 0.39% and 0.89%, respectively.
10-Year Treasury in focus
The mixed trade comes as the 10-year yield has retreated 4 basis points to 1.47%, a day after closing at 1.51%, its highest level in a year. The recent rise in bond yields has caused panic among investors worried about a return of inflation. Strategists have suggested the 10-year’s move above the 1.5% level, which…
