Marcus Ell
Markets Columnist
Marcus Ell covers financial markets for Yield Update, from bonds and stocks to commodities. He writes about what is driving prices each day and whether the market's prevailing explanations hold up.
Stories
Bitcoin Falls to $62,112 in Sunday Trading, Its Lowest Since July
The weekend slide came after seven straight sessions of withdrawals from U.S. spot bitcoin funds and about $2 billion of forced liquidations across crypto markets. Ether touched its lowest level since early July.
Stocks Post First Winning Week Since October Despite Friday's Chip Slide
The S&P 500 gained 2.5 percent for the week even after slipping 0.40 percent on Friday, when Nvidia and other chipmakers fell. Treasury yields ended the week sharply higher.
Stocks End Slightly Lower After Nvidia Chief Exits; 10-Year Yield Rises to 5.105 Percent
The S&P 500 fell 0.35 percent on Thursday after erasing a nearly 1 percent early drop, and Nvidia closed down 4.3 percent. Two-year and 10-year Treasury yields rose to their highest levels since October.
Wall Street Rallies on CoreWeave; Nvidia Slides Before Thursday's Open
The S&P 500 rose 1.31 percent and the Nasdaq 1.60 percent on Wednesday as CoreWeave jumped 24.7 percent. Early Thursday, Nvidia was down 7.7 percent in premarket trading, Reuters reported.
Stocks Slip After Hot CPI as Treasury Yields Jump; CoreWeave Lifts Futures
The S&P 500 fell 0.38 percent and the Nasdaq 0.74 percent on Tuesday after October inflation beat forecasts and a $42 billion 10-year note sale cleared at 5.020 percent. Nasdaq-100 futures were up 1.9 percent early Wednesday.
Brent Settles at $92.57 After Trump Says Iran War Is 'Militarily Effectively Over'
Brent crude for January delivery settled down 5.85 percent on Monday and slipped below $90 early Tuesday. Iran's security council secretary called reports of talks 'fake news.'
Stock Futures Rise After the Worst Week Since April 2025, but Nvidia Slips on a Board Probe
Dow futures were up more than 1 percent early Monday while Nvidia fell before the open. Tuesday's inflation report and chip-sector earnings will test whether Friday's rebound can hold.
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Election Week Ends Lower as an AI Selloff Outweighs a Strong Jobs Report
A Wednesday relief rally gave way to Thursday's rout and only a partial rebound Friday. The Nasdaq fell 3.4 percent in the week ended Nov. 6, and oil had its own steep slide.
Chip Stocks Lead a Thursday Rout That Erases the Post-Election Rally
The Nasdaq fell into a correction as chip and data-center shares sold off for a second day. Investors are weighing whether the vote can slow the AI buildout.
Wednesday's Curve: 4.58% at Two Years, 4.90% at Ten
On November 4 the ten-year par yield was 4.90 percent and the two-year was 4.58 percent. The gap is 0.32 percentage points.
Treasury Estimates $618 Billion of Borrowing This Quarter
The November 2 announcement puts privately held net marketable borrowing at $618 billion for October–December, assuming an $850 billion cash balance at year-end.
Friday's 10-Year Yield Closes at 4.94%
The last published Treasury session of the week put the ten-year at 4.94 percent and the two-year at 4.56 percent.
The Day After the Hold, the 10-Year Is 4.98%
Thursday's ten-year par yield was 4.98 percent, seven basis points under Wednesday's print. The two-year was 4.61 percent.
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A Lower Yield Is Not a Verdict
The ten-year par yield finished the session at 4.55 percent, down 2 basis points. The number alone does not say why.
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The Urge to Refresh
Checking a price every few minutes feels like vigilance. It is usually a way of letting the last tick write the story.
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A Higher Yield Is Not a Verdict
The ten-year par yield finished the session at 4.02 percent, up 1 basis point from the prior session.
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Cash Is a Position
Holding bills is a choice about the next few months. It is not a neutral waiting room.
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'Priced In' Is Not a Fact
The phrase sounds like a measurement. It is usually a guess about what other people already believe.
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A Higher Yield Is Not a Verdict
The ten-year par yield finished the session at 4.58 percent. The number does not say why.
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The Story a Selloff Wants to Tell
A down day acquires a cause by afternoon. The cause is often fitted after the move.