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Bond Yields Surge and Oil Jumps on Middle East Fears, Pressuring Stocks

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Surging Middle East tensions drove crude oil higher and triggered a sharp Treasury selloff, pushing the 30-year yield to a multi-decade high.
  • Escalating inflation fears and rising yields weighed heavily on global equities, sending US equity index futures lower.
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