Stock markets around the world posted new highs even as rising inflation rates prompted Fed policymakers to issue hawkish remarks on upcoming rate hikes, treasury notes are on track for multi-year record yield percentages, and the war rages on in Ukraine.
U.S. markets ended Tuesday on a positive note, with the Dow finishing 0.74 percent higher, S&P 500 climbing 1.13 percent and Nasdaq registering 1.95 percent increase. The pan-European STOXX 600 has since decreased, opening today at 459.38, and is trading at 456.25 as of 8:30 a.m. EDT, a decline of over 0.68 percent. 10-year treasury yield is currently at 2.38 percent, a high not seen since 2019, and is on track for the biggest monthly jump since 2004.
