14 Hrs
Source:
المشهد العربي
Stocks fall as bond yields rise
U.S. stocks declined at the start of trading due to rising bond yields amid fears that the Federal Reserve will continue tightening monetary policy for a longer period. The yields on 30-year government bonds reached their highest level since June 2004, at 5.446%. This coincided with a rise in oil prices, as Brent crude exceeded $105, reflecting ongoing inflationary pressures in the markets.
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