Page 25 - ARUBA TODAY

BUSINESS Thursday 22 February 2018
A25

Spike in bond yields upends market rally

Tropicana Resorts Fix Weeks/ (RCI Points )
1 Br wk 5,6,7,8 Divi Links Golf
room #1510 Ground floor in 1 br 2 bath WK 4,5,6
front of the Pool room #2124 birdie IV
Price: $7,500 each 29 weeks remain
Call: 630-1307 Ground Floor $35K all tree
johnnypaesch@gmail.com weeks
________________________________209157 Call: 630-1307
FOR SALE johnnypaesch@gmail.com
La Quinta ________________________________209157
Wk 8 sat-sat Caribbean Palm Village
2 bedrm $1,000 sleeps 6 Call 1 br WK 6 room G building
7373006 # 203 1 br WK 7 room G
info@buyarubatimeshares.com building # 204
www.buyarubatimeshares.com $6500 each
_________________________________209501 La Cabana BRC
Divi Links 1 br WK 4 room # 242 a
1 br WK 7 room# 4116 Pool/Ocean View $7500
33 weeks remain $10,000 Call:630-1307
1br WK 8 room#2130 johnnypaesch@gmail.com
Specialists Robert Tuccillo, center, and Matthew Greiner works at their post on the floor of the New 33 Weeks remain $10,000
York Stock Exchange. U.S. stocks closed broadly lower Wednesday, as investors reacted to a 1br WK 9/10 room #2130 ________________________________209157
late-afternoon surge in bond yields. 23 weeks remain $9000 each Aruba Divi Phoenix
(AP Photo/Richard Drew)
Call:630-1307 studio Week 8 room #904
By ALEX VEIGA before the late-afternoon Fed minutes release. Johnny paesch@gmail.com 17 weeks remain $7500
studio Wk 9 room #652
AP Business Writer slide. Traders appeared to ini- _________________________________209162 32 weeks remain $10,000
U.S. stocks closed broadly The Nasdaq gave up 16.08 tially welcome the details Call :630-1307
lower Wednesday, erasing points, or 0.2 percent, to in the meeting minutes, johnnypaesch@gmail.com
an early gain, as investors 7,218.23. The Russell 2000 which show that a major-
reacted to a late-after- index of smaller-company ity of Fed officials at the Aruba Marriott Renaissance
noon surge in bond yields. stocks shed most of its gains meeting believed that im- 1 br deluxe Week 13 and 14
Bond yields climbed to their from earlier in the day. It proving global economic room # 2548 Ocean Front Top
highest level in four years inched up 1.84 points, or prospects and the effects Floor
after the Federal Reserve 0.1 percent, to 1,531.84. of recently passed tax cuts $11,000 each
released minutes from its The major stock indexes had raised the prospect for Call: 630-1307
latest policy meeting. The started the day on pace solid economic growth and johnnypaesch@gmail.com
minutes showed bullish sen- to recoup some of the for continued interest rate
timent among policymak- market's losses from a day increases in 2018. The Fed _______________________________209157
ers, confirming their inten- earlier as investors sized up did not raise rates at the Aruba Divi Phoenix
tion to raise interest rates the latest crop of company January meeting, which 2br WK 10 room # 961/962
this year. earnings. occurred before the Feb- Ocean View $25K
The yield on the 10-year Technology companies, re- ruary stock market plunge 34 weeks remain
Treasury note rose sharply tailers and industrial stocks and turbulence. Then bond 2br Ph WK 11 & 12 $30K each
after the minutes came led the way for much of the yields began to climb, and Ocean View 34 Weeks remain
out, touching 2.95 per- day. The rally kicked into a the stock market rally be- Call:630-1307
cent, its highest level since higher gear shortly after the gan to evaporate.q johnnypaesch@gmail.com
January 2014. Higher bond ________________________________209157
yields indicate investors
expect more risk of infla-
tion. They also can threat- La Cabana BRC
en stock prices by making 1br wk 11 and 12 $8500 each
bonds more appealing ver- room # 414 a Pool/Ocean Vie
sus stocks. divi Limks Golf
"We're moving back to nor- 2 br Lock out
mal volatility, we're moving Wk 5 room#2222/2223
back toward normal inter- 28 weeks remain $20k
est rates, normal inflation," Call:630-1307
said Erik Davidson, chief johnnypaesch@gmail.com
investment officer for Wells ________________________________209157
Tropicana Resort and Casino
Fargo Private Bank. "This is 1 br WK 7 room #5559
what normal looks like." 1 br WK 8 room #1537
The Standard & Poor's 500 Price : $8000 each
index fell 14.93 points, or 0.5
percent, to 2,701.33. The Divi Links Golf
Dow Jones industrial aver- 1br week 8&9 room #4229
age lost 166.97 points, or 28 weeks remain $8,500 each
0.7 percent, to 24,797.78. Call:630-1307
The blue chip average johnnypaesch@gmail.com
had been 300 points higher ________________________________209157