Markets Scream "Uncertainty" as Yield Spikes and Tariffs Take Center Stage The bond market's growing unease is a harbinger of things to come. The Dow's 0. 6% drop on Thursday, coupled with the S&P 500's 0.
5% decline, was driven by surging oil prices and an upcoming inflation reading. Beneath this surface level volatility lies a more insidious concern: rising yields are firmly in focus.
The yield curve, long considered a recession indicator, has been steepening rapidly.