Caterpillar (CAT) and Deere (DE) Slide as Treasury Yields Surge. Why Valuations Matter

On October 7, Caterpillar Inc. (NYSE:CAT) slid as much as 7% to around $807-$813, with Deere & Company (NYSE:DE) down 4% to roughly $658 as the 30-year Treasury yield climbed to 5.7%, its highest level in over two decades. Industrial stocks were among the hardest-hit sectors, while the S&P 500 finished down approximately 0.2%, reflecting […]