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Stocks Halt Rally as Bonds Stem Record Losses: Markets Wrap

  • Benchmark Treasury yields fall after surging to 2019 highs
  • S&P 500 declines following rallies five of past six sessions
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3-Minute MLIV: Where are the world’s most discounted stocks?Source: Bloomberg
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U.S. stocks declined Wednesday as Treasuries staged a small recovery from unprecedented losses ahead of tighter monetary policy to curb inflation. 

The S&P 500 fell 1.2%, led by losses in financials, while the benchmark 10-year Treasury yield slid to 2.30% after surging to highs unseen since mid-2019.