BusinessWall Street Falls as Treasury Yields Hit 24-Year High
Wall Street closed lower as US 30-year Treasury yields reached a 24-year high, raising inflation and debt concerns. The S&P 500 and Dow ended their four-day winning streaks, while the Nasdaq saw its first decline in six days. Rising oil prices due to Iran war fears have fueled inflation worries and a potential prolonged rate hike cycle, causing a global bond selloff.
Mint Markets·



