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European Stocks Close Weak As Bond Yields Soar To 16-year High On Interest Rate Bets

by Business Editor
October 3, 2023
in Market News
Reading Time: 1 min read

European stocks closed notably lower on Tuesday with selling pressure gathering momentum past noon, as yields on U.S. long-term Treasury Notes climbed to 16-year high amid prospects of the Federal Reserve holding interest rates higher for longer to fight inflation.
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