Economic TimesLean R·
Battered bonds draw support from falling oil prices
US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve interest rate hikes.Stocks, meanwhile, were buoyed by continued enthusiasm for the AI trade.Oil prices fell about 3% on mounting hopes for a truce between the US and Iran, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply…
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