Real Rates Reversal Hitting Big Trades Including Gold and Nasdaq
- Yields on inflation-adjusted Treasuries jump most in month
- ‘Stretched’ trends unravel after strong jobs report: Samana
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Rising real yields are throwing cold water on the rally their historic plunge stoked.
Real interest rates -- which strip out the effects of inflation -- rose by the most in a month Friday after a stronger-than-forecast July jobs report. The lurch higher from record-low negative levels helped send technology shares and gold lower, while the Bloomberg Dollar Spot Index rose in its best day since June.