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Homebuilder bonds hold up even as stocks succumb to rising Treasury yields

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The unrelenting rise in U.S. Treasury yields that is roiling global financial markets sent the stocks of rate-sensitive homebuilder stocks lower on Tuesday in a continuation of the recent trend. The move comes as the housing market is already reeling from mortgage rates [that are the highest in 23

Stock Market Today: Rising bond yields keep pressure on Wall Street as Dow erases 2023 gainStocks are down sharply Tuesday as investors react to a continued rise in Treasury yields. Follow the action here.

 

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