Global Markets: Wall Street Pulls Back on Stocks, Treasury Yields Dip
KONTAN.CO.ID - NEW YORK. Wall Street pushed stocks and Treasury yields down on Wednesday after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from U.S. policymakers.
Two-year U.S. Treasury yields have risen sharply so far in March and were set for their biggest monthly jump since 2004. Investors have been relatively sanguine about the implications of higher yields on stock market valuations, with many choosing to buy back in after a bruising few months for equity prices.
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