| The KUIK Closing Market Report for Monday, March 24: | |||||||
| Markets faded at the end. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Down | (26) | points | 16,277 | 2:54 PM | ||
| S&P500 | Down | -0.49% | percent | 1,857 | (9.08) | ||
| Nasdaq Composite | Down | -1.18% | percent | 4,226 | (50.40) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.57 | Annual Yield | ||
| Investors continue to sell securities sensitive to rising interest rates on the long end of the yield curve. Making the spread between intermediate and long-term yields its narrowest since 2009. The market is pricing in earlier-than-expected hikes to the Fed Funds rate after Chairman Janet Yellen said the central bank would probably begin raising rates about six months after it ends its bond-buying program. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasury-curve-now-flattest-since-2009-2014-03-24 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||