Stocks Are Partying Like The War Is Over, Bonds Not So Much -- WSJ

Dow Jones04-18 05:47

By Heather Gillers

Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider:

-- A State Street ETF that tracks the muni bond market is down 1.61% from its Feb. 27 high.

-- A State Street ETF that tracks long-term corporate bonds was also off its prewar level, down to around $22.55 from above $23 at the end of February.

-- The 10-year Treasury yield ended the day at 4.244%. That compares with a 2026 closing low of 3.961% on Feb. 27, before the war began. (Bond prices move lower when yields rise.)

Bond traders remain pessimistic that the Federal Reserve will cut interest rates given how much oil prices have driven up inflation. Brent crude futures are still up more than 50% from December even after falling close to $90 a barrel Friday from nearly $100 Thursday.

Investors are now pricing in a 50% chance that the Fed will leave rates unchanged through the end of the year, according to CME Group Data. A month ago, 70% expected at least one cut.

Oil "prices are likely to remain supported above pre-war levels," Phil Blancato, chief market strategist at Osaic, wrote Friday.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 17, 2026 17:47 ET (21:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2628787521?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-18 05:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2628787521","market":"us","top_or_hot":-1,"title":"Stocks Are Partying Like The War Is Over, Bonds Not So Much -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Heather Gillers \n</p>\n<p>\n     Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&amp;P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider: \n</p>\n<p>\n     -- A State Street ETF that tracks the muni bond market is down 1.61% from its Feb. 27 high. \n</p>\n<p>\n     -- A State Street ETF that tracks long-term corporate bonds was also off its prewar level, down to around $22.55 from above $23 at the end of February. \n</p>\n<p>\n     -- The 10-year Treasury yield ended the day at 4.244%. That compares with a 2026 closing low of 3.961% on Feb. 27, before the war began. (Bond prices move lower when yields rise.) \n</p>\n<p>\n     Bond traders remain pessimistic that the Federal Reserve will cut interest rates given how much oil prices have driven up inflation. Brent crude futures are still up more than 50% from December even after falling close to $90 a barrel Friday from nearly $100 Thursday. \n</p>\n<p>\n     Investors are now pricing in a 50% chance that the Fed will leave rates unchanged through the end of the year, according to CME Group Data. A month ago, 70% expected at least one cut. \n</p>\n<p>\n     Oil \"prices are likely to remain supported above pre-war levels,\" Phil Blancato, chief market strategist at Osaic, wrote Friday. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2026 17:47 ET (21:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks Are Partying Like The War Is Over, Bonds Not So Much -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks Are Partying Like The War Is Over, Bonds Not So Much -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-18 05:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Heather Gillers \n</p>\n<p>\n     Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&amp;P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider: \n</p>\n<p>\n     -- A State Street ETF that tracks the muni bond market is down 1.61% from its Feb. 27 high. \n</p>\n<p>\n     -- A State Street ETF that tracks long-term corporate bonds was also off its prewar level, down to around $22.55 from above $23 at the end of February. \n</p>\n<p>\n     -- The 10-year Treasury yield ended the day at 4.244%. That compares with a 2026 closing low of 3.961% on Feb. 27, before the war began. (Bond prices move lower when yields rise.) \n</p>\n<p>\n     Bond traders remain pessimistic that the Federal Reserve will cut interest rates given how much oil prices have driven up inflation. Brent crude futures are still up more than 50% from December even after falling close to $90 a barrel Friday from nearly $100 Thursday. \n</p>\n<p>\n     Investors are now pricing in a 50% chance that the Fed will leave rates unchanged through the end of the year, according to CME Group Data. A month ago, 70% expected at least one cut. \n</p>\n<p>\n     Oil \"prices are likely to remain supported above pre-war levels,\" Phil Blancato, chief market strategist at Osaic, wrote Friday. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2026 17:47 ET (21:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TMF","symbol_name":"3倍做多20年期以上国债ETF-Direxion","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2628787521","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628787521","pubTimestamp":1776462420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider:. -- A State Street ETF that tracks the muni bond market is down 1.61% from its Feb. 27 high.-- A State Street ETF that tracks long-term corporate bonds was also off its prewar level, down to around $22.55 from above $23 at the end of February.-- The 10-year Treasury yield ended the day at 4.244%. That compares with a 2026 closing low of 3.961% on Feb. 27, before the war began. . Investors are now pricing in a 50% chance that the Fed will leave rates unchanged through the end of the year, according to CME Group Data. A month ago, 70% expected at least one cut.Oil \"prices are likely to remain supported above pre-war levels,\" Phil Blancato, chief market strategist at Osaic, wrote Friday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TMF":"3倍做多20年期以上国债ETF-Direxion","TLT":"20+年以上美国国债ETF-iShares","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF"},"translate_title":"股市正在狂欢，就像战争已经结束一样，而债券则不然——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMF":0.6,"US6M.BOND":0.71,"US3Y.BOND":0.71,"TLT":0.6,"US12M.BOND":0.71,"US10Y.BOND":0.71,"US30Y.BOND":0.71,"US5Y.BOND":0.71,"US7Y.BOND":0.71,"US2Y.BOND":0.71,"TLTW":0.6},"content_text":"By Heather Gillers \n\n\n     Progress towards a ceasefire in the Persian Gulf had the Nasdaq composite and the S&P 500 closing at record levels for their third day straight. Over in the bond market, though, it appears the nation is still at war. Consider: \n\n\n     -- A State Street ETF that tracks the muni bond market is down 1.61% from its Feb. 27 high. \n\n\n     -- A State Street ETF that tracks long-term corporate bonds was also off its prewar level, down to around $22.55 from above $23 at the end of February. \n\n\n     -- The 10-year Treasury yield ended the day at 4.244%. That compares with a 2026 closing low of 3.961% on Feb. 27, before the war began. (Bond prices move lower when yields rise.) \n\n\n     Bond traders remain pessimistic that the Federal Reserve will cut interest rates given how much oil prices have driven up inflation. Brent crude futures are still up more than 50% from December even after falling close to $90 a barrel Friday from nearly $100 Thursday. \n\n\n     Investors are now pricing in a 50% chance that the Fed will leave rates unchanged through the end of the year, according to CME Group Data. A month ago, 70% expected at least one cut. \n\n\n     Oil \"prices are likely to remain supported above pre-war levels,\" Phil Blancato, chief market strategist at Osaic, wrote Friday. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 17, 2026 17:47 ET (21:47 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2628787521","isCrawlerRequest":true}