Rising U.S. yields takes edge off stocks rally By Reuters
By Tom Westbrook and Pete Schroeder SINGAPORE/WASHINGTON (Reuters) - U.S. Treasury yields hit one-year highs on Wednesday, lending support to the dollar but pressuring lofty valuations for stocks, as investors reckoned that a stimulus-fuelled global recovery will eventually bring rising inflation. Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later...
Continue reading