Stocks Slip as Rising US Bond Yields Spook Investors
A media person stands in front of the stock quotation board during a ceremony marking the end of trading in 2022 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Dec. 30, 2022. Issei Kato/Reuters
LONDON—Global shares fell on Tuesday, crushed by a surge in U.S. bond yields that lifted the dollar after Federal Reserve officials served a reminder that borrowing costs won’t drop any time soon.
The Fed’s outlook has pummelled other rate-sensitive assets such as oil, which slipped again on Tuesday.
