GLOBAL MARKETS - Wall Street Bucks Global Rally as Bond Yields Rise

June 21, 2024, 05.08 AM | Source: Reuters
GLOBAL MARKETS - Wall Street Bucks Global Rally as Bond Yields Rise

ILUSTRASI. GLOBAL MARKETS - Wall Street Bucks Global Rally as Bond Yields Rise. REUTERS/Brendan McDermid

WALL STREET - NEW YORK, June 20 (Reuters) - Wall Street shares pulled back from record highs hit early on Thursday in sympathy with rallying overseas indexes, as Treasury yields shook off soft U.S. data and rose anticipating new supply next week.

The dollar firmed, as higher U.S. yields widened differentials with non-dollar rates that are trending lower. It drew closer to the 160 yen area that prompted Tokyo to intervene in late April to support its currency.

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