Stocks Open Mixed as Rising Bond Yields Continue to Stymie the Market
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Rising bond yields continued to stymie the stock market on Thursday after the U.S. House of Representatives narrowly passed President Donald Trump’s tax-and-spending bill. The Nasdaq Composite was up 0.1%. “The vigilantes are very much entrenched in the long end of all bond markets from Europe to Japan to the US,” writes Brenner.
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