While you were sleeping: Bond yields pressure stocks

Tue, 12 May 2015

By Margreet Dietz May 13 (BusinessDesk) - Wall Street traded lower, even as it erased some of its earlier losses, as rising global bond yields tempered the appetite for equities trading near record highs. Euro zone bonds have led the global climb in yields, rising from record lows in recent weeks as investors began questioning their optimism about a quantitative easing program launched by the European Central Bank in March. Yields on Germany’s 10-year bund rose six basis points to 0.67 percent. That compares with a record low of 0.04...

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