Rate fears slam stocks, but dollar gains

(Reuters) - Falling U.S. government bonds sparked worries on Wall Street after losses pushed all U.S. Treasury yields above 5 percent for the first time since last July, as investors bet the Federal Reserve would keep interest rates higher for longer to keep inflation at bay.




Surging oil prices soured stock sentiment further, threatening to restrain consumer spending, but the dollar gained on the rising appeal of U.S. yields.


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