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Wall Street slips from record highs as Treasury yields climb

Original: Wall Street ends lower, off record highs, as Treasury yields climb

US stocks closed lower after pulling back from record highs, with the decline driven by rising Treasury yields. Higher yields raise borrowing costs and often pressure equity valuations, prompting investors to trim risk. Traders are watching whether the move in bond markets continues and how it may affect the outlook for rate policy.

Why now: Rising Treasury yields and a pullback from record highs are prompting investors to reassess equity valuations and rate expectations.

Wall StreetUS Treasury market

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