Reported 4 months ago
Global equities declined on Wednesday while U.S. Treasury yields rose as investors focused on interest rates following a weak bond auction and awaited a key U.S. inflation report. The MSCI global stocks gauge fell by 0.95%, the U.S. 10-year Treasury yield reached a four-week high of 4.612%, and the dollar strengthened against the yen. Concerns over rising interest rates led to market anxiety, with major indices like the Dow Jones, S&P 500, and Nasdaq all posting losses. Oil prices dipped, and gold prices also fell amid a stronger dollar and higher bond yields.
Source: YAHOO