Heightened Mideast Tensions Force Oil Prices and Bond Yields Higher and Equity Markets Lower

A real-rate driven bond market selloff now posing risks for the stock market rally

Key Takeaways

• Stocks Extend Their Slide: After a sloppy session yesterday, with the S&P 500 closing at the lows (-0.5% on the day with every sector outside of Energy in the red — and volumes higher in the Nasdaq and the NYSE which is never a good sign), the stock market jitters have extended into the overnight trade.