Surging Treasury Yields Rattle Markets as Mortgages, Stocks Feel the Sting
- Treasury yields surge to highest in over a decade, roiling markets
- Higher rates curb appetite for stocks and tighten financial conditions
- Mortgage rates at 20-year highs weigh on housing market
- Stronger dollar compounds global central bank inflation fight
- Corporate credit spreads widen as higher yields boost funding costs
- Treasury volatility expected to persist amid hawkish Fed, fiscal concerns
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