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Commodities hit 8-year high as market divergence continues

From axios.com

Tech stocks suffered some big losses on Monday, as the specter of higher U.S. borrowing costs continued to weigh on their share prices, while bullish vaccine expectations helped make the Dow the only major U.S. index to end in the green. What happened: The benchmark 10-year Treasury yield rose to 1.37%, a fresh one-year high, showing investors remain bullish on the economy and a recovery in inflation. Yields on the 10-year have risen by around 26 basis points since the start of the month and are on track for their largest monthly gain in three years. That's good news for the broader economy, as it shows investors ... (full story)

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  • Category: Fundamental Analysis