U.S. Stocks Fall as Treasuries Drop With Emerging Assets on Fed
From bloomberg.com
The increased prospect of higher U.S. interest rates rippled through global markets, sending bonds lower with emerging-market assets, while American stocks retreated after a six-week rally. The Standard & Poor’s 500 Index fell the most in a month, while European equities dropped. The dollar resumed its advance, as a gauge of emerging-market currencies slumped toward a five-week low. Treasury 10-year note rates jumped to 2.37 percent. Yields on 10-year Portuguese debt jumped to the highest since July. Global investors continue to adjust positions to reflect the increased likelihood that America’s benchmark rate will ...
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