Treasury Yields Surge While U.S. Stocks Retreat as Metals Gain
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Treasuries slid, sending 10-year yields to a two-year high, amid bets the Federal Reserve will reduce its bond purchases next month. U.S. stocks fell, extending the worst week for the Dow Jones Industrial Average in 14 months. Metals rallied after housing starts increased.
Rates on benchmark 10-year notes surged six basis points to