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Marketplace All-in-One

Government bond yields top 5%

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 October 2023

⏱️ 2 minutes

🧾️ Download transcript

Summary

Stocks close mixed; investors expect higher rates for longer; Chevron to buy Hess Corporation; GDP data due this week.

Transcript

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0:00.0

This marketplace podcast is supported by Principal Financial Group.

0:05.0

Let's face the facts.

0:06.5

Everyone wants to feel valued, especially your employees.

0:10.1

In fact, a 2023 study found 78% of business owners say benefits and retirement plans

0:16.5

improve employee retention.

0:19.5

Employees want to feel secure in their jobs and their finances. At Principal, they help you invest in

0:25.1

your people because investing in your people is investing in your business.

0:29.7

Learn more at Principal.com slash benefits.

0:34.0

Products and services offered by member companies

0:36.0

of the Principal Financial Group, Des Moines, Iowa.

0:39.0

For important information,

0:40.0

visit Principal.com slash disclosures. This com slash disclosures.

0:43.0

This is the Marketplace Minute.

0:45.7

I'm Justin Ho.

0:47.6

Stocks were mixed on Monday.

0:49.2

The Dowell fell six tenth percent.

0:51.2

The S&P lost almost two tenth percent, but the NASDAQ rose a quarter percent.

0:56.6

The yield on the 10-year government bond topped 5 percent at one point on Monday.

1:01.2

The 10-year yield hasn't done that since 2007. One reason is

1:04.8

because investors think that the Federal Reserve will be keeping interest

1:07.5

rates higher for longer since the economy is still pretty strong. Chevron says it's buying the oil company Hess Corporation

1:15.1

in a $60 billion dollar deal. The purchase would increase Chevron's oil and

...

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