Global bond market sees sell-off, GM tops Q3 earnings estimates: Yahoo Finance

) remain under pressure as Citi warned that exposure to the S&P 500 has hit levels that are historically followed by a 10% slide. This comes as the global bond market experiences a sell-off as traders rethink the Federal Reserve’s rate cut path ahead. After a slew of strong economic data, many investors believe the Federal Reserve may hold rates steady at its November meeting. Meanwhile, Wall Street is breathing a sigh of relief after General Motors posted its third quarter results.

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