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US 10-yr treasuries hit 7-yr high, selloffs continues as oil tops $80 a bbl

The rising US Treasury yields have been a driver across financial markets this week and come as data shows a strong U.S. economy that could indicate firming inflation.

Reuters  |  New York 

Yields on benchmark 10-year U.S. Treasuries rose on Thursday to their highest level in about seven years, extending this week's bond market selloff and pushing the U.S. dollar to a four-month peak against the yen. Oil prices topped $80 a barrel for the first time since November 2014 before pulling back. Wall Street's main stock indexes slipped, wobbling amid trade jitters as the United States and China hold talks. European stock markets climbed and Britain's FTSE 100 notched a record closing high. The rising US Treasury yields have been a driver across financial ...

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First Published: Fri, May 18 2018. 08:57 IST
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