Global bond yields surge as oil-driven inflation worries rise
Global bond yields surged Tuesday as renewed U.S.-Iran tension boosted inflation expectations and increased rate-hike prospects; the 10-year U.S. Treasury yield rose to 4.795%.
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U.S. futures rise as Trump rules out Iran talks
U.S. stock futures are higher, with S&P 500 and Nasdaq 100 futures up and Dow futures slightly lower, while investors await Fed July meeting minutes and watch rising oil and Treasury yields.