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A ‘hammering’ is coming for US treasurys and stocks won’t like it, analyst warns
The selling of stocks will be "immense" over the next few months as treasury prices are set to take "a hammering," one analyst told CNBC on Tuesday. The start of the global stock rout last week was blamed, to an extent, on inflation fears that pushed up Treasury yields and drove down stock prices. On Monday, the Dow Jones industrial average dropped 1,175.21 points to close down at 24,345.75, having briefly declined more than 1,500 points during the session. Shortly after the opening bell Tuesday, the Dow had fallen 250 points, pushing its three-day losses above 2,000 points. Within 30 minutes, the Dow had erased all ... (full story)