Yields on U.S. Treasuries have spiked ahead of potential tapering by the Fed.
The telecom giant announced a record $49 billion bond sale to help fund its purchase of the remaining stake in Verizon Wireless from U.K. telecom Vodafone (. )
The Verizon bond sale is the latest sign that major corporations are anxiously anticipating a rise in long-term interest rates and are rushing to sell debt before a potential pullback on bond buying by the Federal Reserve. The Fed will meet next week and could discuss plans to taper the bank's bond buying program.
10-year Treasury yields have been moving higher and are now hovering near 3%, a level they haven't hit since July 2011.
Traders have pushed markets higher over the past few days as worries about the possibility of U.S.-led military strikes on Syria have receded. It now looks like a diplomatic resolution may be possible after the Syrian government said it would be willing to turn over its chemical weapons.
The iPhone disappoints: Apple (Fortune 500) shares , fell more than 5%, a day after the company unveiled two new iPhones that were met with a lukewarm reception from analysts. Separately, Apple got the OK to run iPhones on China Mobile's exclusive network, in the latest sign that a deal between Apple and China Mobile ( may be in the works. )
Facebook ( rallied more than 3% and hit )an all-time high of $45.09.
Some traders on StockTwits doubt whether the social media giant can stay at these levels.
Shares of Netflix (, which have been rallying lately, briefly hit a new all-time high before pulling back. Traders on StockTwits were also skeptical about whether the online video king could hold onto these highs. )
Nike (Fortune 500)'s stock also hit an all-time high, one day after it was announced that it would be added to the , Dow next week. Goldman Sachs (Fortune 500) and , Visa (Fortune 500) will also be added to the Dow. ,
News Corp (. shares rallied after investment firm Southeastern Asset Management disclosed it had a 12% stake in the media company. )
Starbucks (Fortune 500) shares hit an all-time high as well. ,
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.29%||4.39%|
|15 yr fixed||3.35%||3.42%|
|30 yr refi||4.30%||4.40%|
|15 yr refi||3.33%||3.40%|
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