Seniors displaced after Yarmouth fire | SaltWire #fire #yarmouth #seniors #newsTOKYO - U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts.
Investors were also caught off-guard by a sharp improvement in a U.S. consumer confidence measure for May. Economists had predicted a fourth straight month of weaker confidence, particularly after a tepid reading for the University of Michigan's analogous survey result from Friday. The dollar rose to a four-week peak of 157.41 yen on Wednesday, while gaining 0.07% against both the euro and sterling.
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