With the Covid-19 vaccine roll-out continuing at a rapid pace and FDA's authorization of Johnson & Johnson's vaccine for emergency use, travel and “reopen” related stocks are looking higher again (airlines, leisure, lodging, restaurants). The 10-year Treasury yield jumped over 30 basis points to 1.43%, compared to 1.09% on February 1st. The fears continue to be that those increasing yields, which are a consequence of an improving economy and greater pricing pressures, will prove competition for stocks and could eventually curb economic growth by increasing borrowing costs for companies and individuals.
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