Photo by TIMOTHY A. CLARY/AFP via Getty Images)
- US stocks ended mixed on Wednesday as the 10-year US Treasury yield jumped to levels not since November.
- Investors continue to fear the prospect of higher for longer interest rates as the Fed fights inflation.
- The inflation rate in Germany unexpectedly accelerated in February, raising fears that the same thing could happen in the US.
US stocks finished the first day of March in mixed territory as investors continue to fear the prospect of higher for longer interest rates.
The 10-year US Treasury yield surged above 4%, the highest level since November. Meanwhile, the 1-year Treasury yield jumped above 5.10% to its highest level since 2006.