The week moves ahead with today’s closely watched consumer price index (CPI) for February and a final wrap-up of the fiscal stimulus. On the bond side of things, investors are likely to focus on a $38 billion auction of 10-year Treasuries later today. The 10-year yield rose slightly to around 1.56% this morning, and every step higher lately seems to disturb Wall Street’s peace of mind. Any sign of flagging demand in the 10-year auction is likely to send yields higher, and maybe stocks lower as investors worry about what that might mean for borrowing costs. An analyst upgrade of the stock and a report that TSLA grabbed market share from Chinese competitors may also have helped.

Source: Forbes March 10, 2021 14:24 UTC