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Wall Street dips as benchmark US bond yields breach 5%
Credit: IndiaTimes- Published on October 20, 2023
Wall Street declined due to mixed earnings, concerns about further interest rate hikes from the Federal Reserve, and worries about escalating conflict in the Middle East. The yield on 10-year US Treasury notes briefly surpassed 5%, the first time since July 2007. Tech stocks were particularly affected, pulling down the Nasdaq....
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