US stock and bond yields jumped on Friday as investors analyzed recent data on the economy.
The S&P 500 topped 0.2%. The Nasdaq Composite added 0.5%. The Dow Jones Industrial Average totaled about 44 points, up 0.1%.
Securities have come under pressure in recent days as concerns about the pace of economic recovery, high valuations of technology stocks and rising bond yields weighed on sentiment.
“Investors are taking a break,” said Arthur van Slooten, global asset allocation strategist at Société Générale. “We think there is more to go. When the reflation trade works again and there is more confidence in it, we will see a continuation of the market performance we have had, ”he added in recent weeks.
In bond markets, 10-year Treasury bill yields rose 1.323% from 1.286% on Thursday. Yields have risen this week, prompting some investors to question whether risky assets, such as equities, look less attractive, said Kiran Ganesh, a multi-group strategist at UBS Global Wealth Management.