All three major US stock indexes lose ground on Wednesday, October 19.
The 30-year bond yield was 4.1259%, from 4.021% late on Tuesday.
The dollar rebounded from two-week lows as hotter-than-expected UK inflation data fueled recession worries, which dragged down the sterling and helped support the greenback against a basket of world currencies.The dollar also touched a 32-year peak against the yen, hovering close to a level that some believe could trigger intervention by Japan.
The Japanese yen weakened 0.40% versus the greenback at 149.88 per dollar, while sterling was last trading at $1.122, down 0.87% on the day. Crude prices edged higher on tighter supply conditions, bouncing back after hitting two-week lows in the wake ofUS crude rose 3.30% to settle at $85.55 per barrel, while Brent settled at $92.41 per barrel, up 2.64% on the day.Spot gold dropped 1.4% to $1,628.61 an ounce.
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