Top Fed official sees surge in private credit as potential vulnerability

Financial Times

The S&P 500 narrowly missed out on recording its longest winning streak since January after closing fractionally lower.

The benchmark index shed less than one-tenth of single index point to close at 5,187.67. That ended a four-day winning streak, as the majority of sectors weakened.

The Nasdaq Composite fell 0.2 per cent, and the small-cap focused Russell 2000 declined 0.5 per cent.

Treasury yields moved higher in a muted session, continuing a trend of minor moves in a week during which there are few top-tier US economic data releases. The yield on the 10-year note rose 0.04 percentage points to 4.5 per cent.

The full article is available here. This article was published at FT Markets.