CNBC's "Fast Money" Markets Sink as Yields Spike, and OpenAI Scores a Big Win Against Apple 05/21/25
21 snips
May 21, 2025 Stocks took a hit as long-term bond yields rose to new highs, influenced by a shaky 20-year auction. OpenAI made waves by acquiring a startup led by a former Apple exec, hinting at potential shifts in tech design. The conversation also touched on how retailers like Target and Walmart are adjusting to tariffs while navigating supply chain issues. Meanwhile, Uber's future looks intriguing amid self-driving predictions, and there are whispers of Tesla eyeing potential acquisitions in the ride-hailing space.
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Spike in Bond Yields Caps Stocks
- Bond yields spiked due to a weak 20-year Treasury auction, hitting over 4.6%, the highest in over a year.
- This surge marks a critical cap for equities, pressuring stock market gains and increasing debt costs.
Global Bond Markets Influence Yields
- Rising U.S. bond yields are affected globally, notably by recent moves in Japan's bond market.
- The bond market acts independently, sending strong signals to policymakers about debt sustainability.
Follow Consumer Sentiment Trends
- Focus more on consumer sentiment trends rather than absolute numbers.
- Recognize consumers' perception of inflation heavily influences their purchasing behavior.