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Bond yields surge and stocks tumble as inflation fears ripple through markets
U.S. government borrowing costs are spiking as inflation concerns grow this October, with the 10-year Treasury yield reaching 4.79%. Consequently, Wall Street is reacting, with the S&P 500 down 0.7% and the Nasdaq declining by 1.3% amid ris...
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U.S. government borrowing costs are spiking as inflation concerns grow this October, with the 10-year Treasury yield reaching 4.79%. Consequently, Wall Street is reacting, with the S&P 500 down 0.7% and the Nasdaq declining by 1.3% amid rising oil prices and tensions with Iran.
Full story and more reels: https://newsreel.video #news #breaking #finance #stocks #inflation #bonds #economy #markets
Originally reported by NBC News.
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