© Reuters. FILE PHOTO: An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. REUTERS/Aly Song/File Photo
The broad sell-off in U.S. Treasuries continued into Asian hours with the yield on 10-year notes touching a fresh 16-year high as investors come to grips with the Federal Reserve's messaging that interest rates may stay higher for longer. Yields rise when bond prices fall. The region remained volatile in the aftermath of an explosion at Gaza's Al-Ahli al-Arabi hospital late on Tuesday, which Palestinian officials said killed 471 people and blamed on what they said was an Israeli air strike. Israel and the U.S. said the cause was a failed rocket launch by Islamist militants in Gaza who denied responsibility.
Oil prices eased on Thursday after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.
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Stock Market Today: Stocks lower as Gaza hospital bombing enflames middle east tensionsStocks are edging lower Wednesday as investors adopt a cautious stance on risk amid the dangerously escalating conflict between Israel and Hamas and a continued sell-off in Treasury bonds.
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