Wall Street Eases As Yields Hit Multi-Decade Highs
Major US stock indexes are modestly lower as investors grapple with persistent inflation concerns and worries over the US government's debt burden, which have driven Treasury yields to their highest levels in decades.
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02:58:44 PM UTC
SquawkNews
By Johann M Cherian and Tharuniyaa LakshmiWall Street's main indexes slipped on Thursday as a deepening bond selloff drove Treasury yields to multi-decade highs, outweighing gains in software stocks.Although AI enthusiasm continues to power U.S. stocks, soaring Treasury yields are testing investors…
Wall Street's main indexes were modestly lower early Thursday as investors weighed persistent inflation concerns and rising worries over the US government's debt burden. Those concerns helped push Treasury yields to their highest levels in decades.