Wall Street's Santa Claus Rally Derailed? 10-Year Treasury Yield Hits 3%

Category: Markets / Finance / Dec 26, 2013 1:31PM EDT

Alan Valdes, vice president of trading at DME Securities, weighs in on the 10-year Treasury yield reaching the psychologically important 3 percent level on Thursday and whether it will impact Wall Street’s Santa Claus rally in 2013.