Treasury yields jumped after poor results of a 30-year bond auction and hawkish comments from Jerome Powell. "If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said. AdvertisementAdvertisementUS stocks declined on Thursday, effectively ending the S&P 500's eight day win streak that delivered a gain of more than 6%. The decline in stocks further accelerated after Federal Reserve Chairman Jerome Powell made hawkish comments during a panel discussion at an International Monetary Fund conference. The hawkish comments from Powell slightly increased the chance of a 25 basis point interest rate hike next month to 15% from 10% on Wednesday.

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Persons: Jerome Powell, Powell, —, Stocks, Jeff Roach Organizations: Treasury, Service, Federal, International Monetary Fund, Dow Jones