Home » Treasuries Retreat While U.S. Stocks Decline: Markets Wrap
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Isabelle Lee and Robert Brand
Apr 05, 2022 • 47 minutes ago • 4 minute read • Join the conversation
(Bloomberg) — U.S. and European equities declined as the European Union considered a ban on Russian coal, ratcheting up pressure on Moscow over the invasion of Ukraine. Treasuries retreated amid deepening concern about inflation and the policy response.
The S&P 500 fell, led by losses in technology and consumer discretionary, while the Nasdaq 100 was also lower. The 10-year Treasury yield rose for a third day to near a three-year high, with the spotlight remaining on inverted yield curves that may signal an economic downturn should the Federal Reserve tighten aggressively to quell price increases.
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