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U.S. yields keep gaining, dollar hits four-month peak vs. yen

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Yields on benchmark U.S. government bonds rose on Thursday to their highest in about seven years, pushing the U.S. dollar to a four-month peak against the yen, while oil prices topped $80 a barrel for the first time since November 2014 before pulling back.Wall Street's main stock indexes fell, while European stock markets climbed and Britain's FTSE 100 notched a record closing high. The focus this week has centered on rising U.S. Treasury yields, as investors point to data reflecting a strong U.S. economy that could indicate firming inflation.The ...

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First Published: Thu, May 17 2018. 23:48 IST