Now, the yield is touching its pandemic-era high. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly-and out of it when headlines improved. The price of the 10-year Treasury note fell Friday, sending its yield up to 2% from a March closing low of 1.73%. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation.Īnd while money initially moved into stocks in the morning, capital moved out of safe-haven assets. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. For example, theįell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. hasn’t yet seen evidence that Belarusian troops are in Ukraine. However, the AFP, citing a Pentagon official, said the U.S. There was another possible development: Reuters also reported that Ukraine said that Belarus could soon join the invasion of Ukraine. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “ positive shifts” in talks between the two sides. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. The last couple days have exemplified that uncertainty. We don’t know what it means to earnings.” “We’re dealing with a war, we’re dealing with inflation. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. Saturday and Sunday could easily bring unfortunate news on the war front-and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research.

For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. Friday’s performance was part of a larger shift.

Dow market watch