$420 Billion Wiped From US Stocks as Bond Market Turmoil Deepens
About $420 billion in market value was reportedly erased from U.S. stocks at the market open, as rising Treasury yields and renewed concerns over the bond market weighed heavily on investor sentiment. The sell-off comes amid a broader global bond-market rout that has pushed long-term government borrowing costs to multi-year highs. On Tuesday, the yield…
