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Treasury Yields Top 4.75% as Oil Surges and Fed Rate Hike Bets Rise

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

News Summary

  • U.S.
  • 10-year Treasury yields topped 4.75% as crude oil surged 3% on Middle East tensions and hawkish Fed remarks fueled interest rate hike bets.
  • Rising yields and tightening expectations weigh heavily on major stock indices while bolstering energy prices and the U.S.
  • dollar.
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