Wednesday Outlook: Rising treasury yields takes edge off stocks rally; Bitcoin tops $50,000

Oil retreats on rising dollar; gold drops

  
Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020.

Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020.

REUTERS/Dado Ruvic/Illustration

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Rising U.S. yields takes edge off stocks rally
Ten-year Treasury yields hit 1.3330%; yen hits 5-month low

Bitcoin tops $50,000 as it wins more mainstream acceptance
Latest landmark of asset up around 70% YTD

Oil retreats on rising U.S. dollar, though Texas supply choked
Brent crude futures dropped 40 cents, or 0.6%, to $62.95 a barrel, coming off three days of gains

Dollar hits 4-month high against yen as yields jump on inflation bets
The dollar's index against six other major currencies jumped back to 90.681

Gold drops to near 2-week low as dollar, Treasury yields rise
Spot gold was down 0.2% to $1,791.36 per ounce


 

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