Benchmark Treasury yields pulled back early Friday, after settling atSurging borrowing costs have weighed on stocks, with key indexes sinking Thursday to extend this month's selloff. Despite the bond reversal, U.S. stock futures and global indexes remained under pressure on Friday.The 10-year U.S. Treasury yield fell back below 4.3%, after settling at the highest since November 2007. Yields and prices move inversely. Longer-dated U.S. Treasurys and European equivalents also rallied.
The yen rose after Japan reported the strongest growth in services prices since 1998. The pound fell after unexpectedly weak U.K. retail-sales data.Selling pressure picked up after a long stretch of placid trading, with the digital currency recently trading at about $26,500.
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