The market’s wild swings over the past week likely had you reaching for antacids.
Folks returned from the holiday season in a very positive mood, driving the S&P 500 1.6% higher in the first three trading days of the year. The NASDAQ’s performance was even more impressive, as the tech-heavy index surged 2.9% in three days.
But since then, all major indices have erased their early January gains. So, what’s behind the recent decline?
Rising Treasury yields are a major factor behind the volatility. So, we’ll take a closer look at the bond market and what’s driving yields higher. I’ll also explain why you shouldn’t worry about the recent gyrations.
This post originally appeared at InvestorPlace.