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Stocks Rally as the Bond Market Revolts
Published 2 weeks, 1 day ago
Description
US equities remain close to record highs despite a surprisingly weak September jobs report, Treasury yields reaching levels not seen in decades and expectations that the Federal Reserve could raise rates again. With the S&P 500 up nearly 13% this year, investors are increasingly confronting a stark divergence between resilient stocks and a bruising bond sell-off. Can equities keep climbing as borrowing costs rise, or will increasingly attractive bond yields finally start pulling money away from stocks?
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