Stock market today: Nasdaq hits record, Dow tumbles as bond yields spike
The 10-year US Treasury yield jumped back above 4.5% on Tuesday after weak demand at the latest government bond auction and hawkish Fed remarks.
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The 10-year US Treasury yield jumped back above 4.5% on Tuesday after weak demand at the latest government bond auction and hawkish Fed remarks.
Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a meeting this Sunday.
Currency hovers at 278-279 level in inter-bank market
U.S. Treasury yields hit a near four-week peak, spurring Asia-Pacific yields and the dollar while pressuring equities. Crude oil climbed for a fourth consecutive day, supported by OPEC+ production cut speculations. Investors face uncertainty over Federal Reserve rate cuts, impacted by mixed economic indicators and consumer confidence data.
LONDON: Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on...