NEW YORK, Oct 26 ― Global stocks rose and Treasury yields dipped yesterday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the US corporate earnings season and an improving economic outlook.
The benchmark US 10-year yield fell to 1.6325 per cent. Last week, the 10-year yield hit 1.705 per cent, the highest since mid-May. A string of solid quarterly earnings reports this month, including JP Morgan Chase & Co and Goldman Sachs Group Inc and insurer Travelers Cos Inc, have boosted market expectations.
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