The rally in US stocks is easing with equities falling slightly on Friday's trading

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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