AT&T shares are trading lower. Weakness may be due to the US 10-year Treasury yield crossing 5%, which could drive a rotation out of dividend-paying stocks.
Portfolio Pulse from Benzinga Newsdesk
AT&T shares are trading lower due to the US 10-year Treasury yield crossing 5%, which could drive a rotation out of dividend-paying stocks.
October 23, 2023 | 7:11 pm
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AT&T's stock price is falling as the US 10-year Treasury yield crosses 5%, which could lead to a shift away from dividend-paying stocks.
The rise in the US 10-year Treasury yield makes bonds more attractive compared to dividend-paying stocks like AT&T. This could lead to a sell-off in AT&T shares as investors rotate their portfolios towards bonds.
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