GLOBAL MARKETS-U.S. stocks dip, bond yields climb on policy concerns – Reuters


DJI) fell 113.36 points, or 0.33%, to 34,451.23 while the S&P 500 (. SPX) lost 54 points, or 1.21%, to 4,392.59 and the Nasdaq Composite (. The Japanese yen weakened 0.21% versus the greenback at 125.94 per dollar, while Sterling was last trading at $1.3076, down 0.30% on the day.Benchmark 10-year notes last fell 36/32 in price to yield 2.8275%, from 2.689% late on Wednesday.Along with the relocations by Seoul and Singapore, New Zealands main bank raised interest rates by a hefty 50 basis points on Wednesday, the greatest walking in over two years.

DJI) fell 113.36 points, or 0.33%, to 34,451.23 while the S&P 500 (. SPX) lost 54 points, or 1.21%, to 4,392.59 and the Nasdaq Composite (. IXIC) dropped 292.51 points, or 2.14%, to 13,351.08. The Japanese yen damaged 0.21% versus the greenback at 125.94 per dollar, while Sterling was last trading at $1.3076, down 0.30% on the day.Benchmark 10-year notes last fell 36/32 in cost to yield 2.8275%, from 2.689% late on Wednesday.Along with the relocations by Seoul and Singapore, New Zealands main bank raised interest rates by a large 50 basis points on Wednesday, the greatest hike in over 2 decades.


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