Wall Street drops as yields and oil rise
U.S. stock indices on Wall Street declined due to rising Treasury yields and oil prices, with the 30-year U.S. Treasury bond yield reaching a record high since June 2007 at 5.323%. European and Asian markets also experienced declines, with the Euro Stoxx 600 dropping by 0.51% and the Japanese Nikkei falling by 2.54%. The increase in bond yields reflects concerns over persistent inflation and rising oil prices, which are partly attributed to stalled negotiations between Iran and the United States.
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