|Day's range||6.80 - 6.85|
TORONTO, March 28, 2023--CIBC has returned to the NEO Exchange with a suite of 6 new CDRs™, bringing the current lineup to 41 global, blue-chip companies.
Chevron (CVX) closed the most recent trading day at $157.65, moving +1.02% from the previous trading session.
Rising interest rates have pushed the value of a 10-year Treasury Note to 3.6%, which is more than double the average dividend yield of the S&P 500 (at 1.7%). A higher risk-free rate adds an opportunity cost to the stock market. The higher the risk-free rate (typically the rate of a treasury bond), the less incentive there is to invest in the stock market.