ASX 200 drops 1% after bond yields, oil rise
The ASX 200 fell as much as 1.45% before closing down 1.0%, after bond yields pushed multi-year highs and oil prices rallied on new US-Iran strikes.
Stocks didn't stand a chance on Wednesday as bond yields continued to push multi-year highs, oil prices rallied on a new round of US-Iran strikes and Wall Street dipped back to a near one-month low.The ASX 200 fell as much as 1.45% before clawing back to close down 1.0%.
The selloff was concentrate…