Bond Yields Hit New Highs; Stocks Under Pressure — SkimNews
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- Global bond yields hit major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices
- Traders braced for interest rate hikes, with the bond sell-off putting pressure on stock markets around the world
Why it matters: Rising bond yields push borrowing costs higher on mortgages and auto loans, while parallel pressure on global stock markets hits ordinary savers through weaker retirement portfolios and brokerage accounts. Traders bracing for further rate hikes means borrowers and investors both face a tougher environment.
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