U.S. Bond Yields Touch One-Year High; Stocks Mixed: Markets Wrap
- Oil rises above $60 a barrel for the first time in a year
- Reflation trades have powered markets from copper to Bitcoin
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U.S. bond yields surged to the highest in a year, while American stocks climbed to records as optimism over the economic recovery continued to ripple through markets.
The yield on the benchmark 10-year Treasury note increased as much as nine basis points to 1.30%, the highest since February 2020. Global bonds extended the worst start to a year since 2013.