US futures sink after 10-year Treasury yield tops 5%: Stock market news today

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The 10-year Treasury yields passed a key milestone, underlining the 'new normal' of higher-for-longer rates.

US stock futures fell sharply on Monday after the benchmark 10-year Treasury yield rose above 5%, as investors increasingly accept interest rates will stayThe ongoing sell-off in bonds and worries about an escalation in Middle East hostilities are weighing on the market, as it waits forThat helped lift yields on US government bonds, seen as a "safe haven" in times of economic uncertainty. The 10-year yield was last up over 8 basis points at 5.

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This college student says she lives free in her uncle's investment property — but still collects rent from her friends and pockets the cash. Is she 'greedy' or resourceful? -- Hyundai Motor Co. has agreed to a deal with Saudi Arabia’s sovereign wealth fund to develop a more than $500 million car assembly plant, joining electric vehicle maker Lucid Motors Inc. in producing cars in the oil-rich kingdom.

I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.HONG KONG — World shares slumped further on Monday as higher risks of broader conflict in the Middle East clouded market sentiment and higher bond yields pressured stocks. The yield on the 10-year Treasury was at 5% early Friday.

 

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