Treasury Yields Surge and Target Reports Strong Q1 Earnings
U.S. Treasury yields surged to levels not seen since before the Global Financial Crisis, with the 30-year yield reaching 5.197%, spurring concerns about potential Federal Reserve rate hikes and negatively impacting stock markets. Meanwhile, Target reported better-than-expected Q1 earnings and raised its full-year revenue outlook.
Tickers: $TGT
Topics: interest_rates market_volatility retail_performance treasury_yields