Wall Street stocks recovered Wednesday from steep losses in the previous session as an accelerating bond rout took a breather and investors braced for the fallout from the historic ouster of the US House Speaker.The indexes suffered deeper losses earlier in the morning as US government bond yields climbed, with the 30-year Treasury yield .
And the speed of this move has appeared to change investor expectations around the role that fixed income plays in portfolios. Importantly wage data showed other signs of softening in the labor market as workers being rewarded less for job hopping.
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