US Stocks Fall and Treasury Yields Hit 2007 Highs
US shares fell and benchmark 10-year Treasury yields climbed to their highest level since 2007 after data showed business activity racing to a more-than-five-year high in September. The surge in yields weighed heavily on major stock indexes and boosted the US dollar against major currencies.
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United States shares fell and the benchmark 10-year Treasury yield climbed to 5.106% on Wednesday afternoon, driven by business activity racing to a more-than-five-year high.
