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Stocks Rise to Record as 10-Year Yield Hits 2%: Markets Wrap

  • S&P 500 closes at first all-time high since April: Oil jumps
  • Greenback slides as Fed ditches ‘patient’ stance; gold surges
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Bank of America’s Ralf Preusser and RBC Capital Market’s Peter Schaffrik discuss outlook for global monetary policy.Source: Bloomberg
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U.S. stocks rose to a record, while sovereign bonds extended gains and the dollar slumped after central banks around the world continued a shift toward easier monetary policy. Oil surged amid rising tensions with Iran.