The rally in US stocks is easing with equities falling slightly on Friday's trading. The Dow Industrials posted the biggest weekly loss this year, slipping 0.2% while the S&P500 declined 0.33%. Investors are now concerned about issues in Egypt, the anticipated reduction of the US economic stimulus program and below-expectation reporting from leading US companies. The yield on the US 10-year Treasury note surged six basis points to 2.83%, the highest since July 2011. The yield on the 10-year has risen 29 bps in the last month and 99 bps in the last year, according to Bloomberg data. A surge in US bond yields is further increasing pressure on investors already nervous about the Federal Reserve's plan to taper its bond buys.
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