Elena Nikulina

Amit Kukreja: 10-year yield hits 52 week high as treasury announces $6B buyback

Amit Kukreja: 10-year yield hits 52 week high as treasury announces $6B buyback
10-year yield at 52 week high

Amit Kukreja, stock market analyst, highlights that the 10-year yield has surpassed 5.3 percent, establishing a new 52 week high as the U.S. Treasury announces a $6 billion buyback of 10-20 year debt scheduled for tomorrow.

Kukreja observes that such buybacks are becoming a frequent occurrence. He also points out that despite this, the latest Personal Consumption Expenditures (PCE) data came in better than expected earlier today.

Kukreja has previously addressed individual stock performance, noting that Apple led gains among Mag 7 stocks earlier this year. He also discussed company outlooks, suggesting that AVGO could reach $600 per share if EPS targets are met by FY 28. These earlier views add further context to his ongoing market commentary.

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