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U.S. stocks fall on bond yields inflation
U.S. markets experienced a decline in major stock indices, driven by rising yields on government bonds to levels unseen in decades, amid concerns over persistent inflation and rising oil prices. The yields on 30-year U.S. Treasury bonds reached their highest level in 19 years, while yields on 10- and 30-year Japanese, German, and French bonds also increased. Fears of ongoing oil price hikes persisted, with contracts trading around $84.94 per barrel, due to stalled negotiations between Iran and the United States. Nevertheless, the market remains strongly supported by profits and technological developments, despite warnings from some experts about a potential wave of selling resulting from the continued rise in bond yields.
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