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Premarket: Stocks cautious on US-Iran escalation, bond yields hit multi-year highs
Source: The Globe and Mail
Geopolitics & WarEnergy Markets & PricesInterest Rates & YieldsCredit & Bond Markets
Markets were set to finish August on a cautious tone as renewed U.S.-Iran fighting lifted oil prices. At the same time, German and Japanese borrowing costs rose to fresh multi-year highs, adding pressure to rate-sensitive assets and reinforcing risk-off positioning.
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