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US stocks turned higher on Thursday, with major indices like the S&P 500 rebounding sharply from early session lows. This reversal followed a sharp drop in Treasury yields after they had reached multi-decade highs, indicating a shift in market sentiment.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con