Context for Today
U.S. equities extended modest gains while bond yields rose to multi-month highs amid lingering debt concerns. The S&P 500 closed at 5,958.38, up 0.7% for the session. Ten-year U.S. Treasury yields reached 4.51%, fueled by Friday’s Moody’s downgrade of the U.S. sovereign rating to Aa1. Oil markets saw WTI at $62.15 and Brent at $65.04 af…
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