Wall Street opens lower on rising bond yields, inflation concerns
The yield on 10-year U.S. Treasury debt hit a four-year high of 2.885 percent, having jumped almost 7 basis points on Friday. The S&P 500 and the Dow saw their worst weeks since early January 2016 while the Nasdaq recorded its worst week since early Feb 2016. The CBOE Volatility Index , the most widely followed barometer of expected near-term volatility for the S&P 500 Index, was trading at 18.86, its highest since November 2016.
Source:: https://finance.yahoo.com/news/dow-futures-drop-over-300-points-bond-yields-124827520–finance.html
