GLOBAL MARKETS-Stocks slip on virus fears, U.S. yields continue to climb
Stocks came off record highs on Monday partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest in two and a half weeks against a basket of peers. Stocks on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. Longer-term Treasury yields were at their highest since March before new long-dated supply this week and on speculation of more U.S. fiscal stimulus since Democrats will have control of Congress and the White House.
Published:1/11/2021 11:53:18 AM