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US equity markets advance despite multi-decade-high bond yields

  • US equity markets advanced despite multi-decade-high bond yields.
  • Bond yields reached multi-decade highs amid hawkish Fed comments and weak Treasury demand.
  • Artificial-intelligence optimism and easing Middle East supply concerns supported mega-cap stocks.

US equity markets advanced despite bond yields reaching multi-decade highs, as hawkish Federal Reserve comments and weak Treasury demand pressured bonds. Optimism surrounding artificial intelligence and easing supply concerns in the Middle East supported mega-cap stocks.

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