US yields hit new heights; oil skids amid Covid-19 fears in Europe

US yields hit new heights; oil skids amid Covid-19 fears in Europe

The Edge Markets - World·2021-03-19 15:09

NEW YORK/LONDON (March 19): Benchmark U.S. Treasury yields hit 14-month peaks on Thursday, putting fresh pressure on tech and other stocks as investors digested the Federal Reserve's latest meeting, while concerns over COVID-19 cases in Europe also sapped risk appetite and helped pummel oil prices.

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