Market News / Story
Baker Hughes, Texas Pacific Land, Halliburton, Weatherford, and Liberty Energy Shares Are Falling, What You Need To Know
Stock Story ·
Stock Story reports: What Happened? A number of stocks fell in the afternoon session after surging long-term Treasury yields reached multi-decade highs and energy market tightness prompted global emergency reserve actions. CNBC reported that longer-dated Treasury yields hit their highest levels in more than two decades on Monday. The 10-year yield touched 5.349%, its highest since April 2002, and the 30-year yield reached 5.703%, a level last seen in May 2002. Jay Hatfield, chief executive…