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10-year Treasury yield leaps to fresh 19-year high after hot economic readings
- The 10-year U.S. Treasury yield climbed as high as 5.05%, its highest level since before the Great Recession.
- The two-year yield rose to 4.87%, while the 30-year mortgage rate reached 7.12%, according to the Mortgage Bankers Association.
- Federal Reserve Governor Michael Barr said that further policy adjustments are likely to be needed to return inflation to the central bank’s 2% target.
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There is a gloomy mood among the leading indices in Asia during the opening trading session on Tuesday.
·Stockholm, Sweden
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Wall St markets plunge as Trump torches Iran plea for peace
U.S. stock futures slid and crude oil prices surged Monday after President Donald Trump rejected an Iranian proposal to end the seven-month war, rattling investors already braced for a longer conflict.Crude prices jumped roughly 3% to around $108 a barrel, while Dow, S&P; 500 and Nasdaq 100 futures ...
·Washington, United States
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Coverage Details
Total News Sources398
Leaning Left63Leaning Right49Center97Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 30%
C 46%
R 24%
Factuality
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