The recent downturn in the US market, marked by the sixth consecutive session of decline for the Dow Jones Industrial Average, underscores the impact of rising Treasury yields. This decline, coupled with a sharp drop in the Nasdaq Composite and the S&P 500, paints a picture of uncertainty among investors. The surge in Treasury yields, fueled by an impressive consumer spending report, adds to the market jitters, pushing the 10-year yield to levels unseen since November.·
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