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Middle East peace uncertainty lifts bond yields, weighs on stocks as oil tops $100

  • Middle East peace uncertainty pushed bond yields higher and weighed on stocks Thursday.
  • U.S. Treasury yields reached highs unseen since the early 2000s.
  • Oil prices remained well above $100 a barrel amid conflicting reports on attacks and negotiations.

Uncertainty over prospects for peace in the Middle East pushed bond yields higher and pressured stocks on Thursday. Investors weighed conflicting reports about attacks and negotiations, while U.S. Treasury yields reached levels not seen since the early 2000s. Oil prices remained well above $100 a barrel.

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