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10-Year Treasury Yield Near Breakout; Why It Matters For The S&P 500

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The 10-year Treasury yield rose near a 19-month high on Tuesday, adding to Monday’s jump as the U.S. remained locked in a test of wills over the Strait of Hormuz with Iran, which has threatened to go on the offensive. Higher oil prices risk stoking inflation pressures at a bad time for the S&P 500 bull market, which has been…

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