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US stocks slipped into the close, stumbling away from record highs as investors await key inflation data out tomorrow. The yield on 10-year US Treasury declined five basis points to 1.49% “Like waiting for the first Star Wars movie sequel, investors are holding their breath for what is expected to be a blockbuster May CPI report,” said Sam Stovall, CFRA chief investment strategist. “Yet in the face of such ‘inflation certainty,’ the 10-year yield has fallen below 1.5%, possibly due to the DC gridlock that likely stamped ‘DOA’ atop the $1.7 trillion Biden infrastructure proposal and questions the need for further fiscal assistance.”
...read full article on Business Insider
