Business
Global Markets Fall After Bond Yields Surge – The Wall Street Journal
U.S. futures are little changed and Treasury yields pare gains
International stocks dropped Friday, tracking declines in U.S. indexes, as a selloff in bonds helped dent investor appetite for richly valued shares.
However, U.S. Treasury notes rose in price, regaining some of the previous sessions losses, and futures suggested stocks in New York could stabilize or gain slightly in Friday trading.
Investors said the market had been reassessing prospects for interest-rate increases by the U.S. Federal Reserve, despite assurances from Chairman Jerome Powell that…
