What's Going On With AT&T Stock?
Portfolio Pulse from Henry Khederian
AT&T's stock declined by 1.9% to $21.30 due to rising U.S. Treasury yields following an unexpected increase in core inflation. This rise in yields could increase AT&T's borrowing costs, impacting its financial performance due to its high debt load.
September 11, 2024 | 4:27 pm
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AT&T's stock fell 1.9% due to rising Treasury yields after an unexpected increase in core inflation. This could lead to higher borrowing costs for AT&T, which has a significant debt load, affecting its financial performance.
The rise in core inflation led to higher Treasury yields, which increases borrowing costs for companies like AT&T with high debt. This impacts AT&T's financials negatively, as it may face higher interest expenses.
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