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[Markets] GLOBAL MARKETS-Treasury yields jump before Fed meeting; stocks rebound The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as the message the Federal Reserve means business tackling inflation kept investors on edge before an expected hefty interest rate hike this week. But stocks on Wall Street rallied as hedge funds positioned themselves in the off-chance that the Fed's tone is less onerous than markets expect when policymakers raise rates on Wednesday, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Published:9/19/2022 3:05:11 PM
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