May 29, 2024 10:14 PM

Global stocks wilt, bond yields jump as investors focus on rates

A global equities gauge fell on Wednesday while benchmark U.S. Treasury yields rose as investors worried about interest rates a day after a weak bond auction and waited for a key U.S. inflation report due on Friday. The dollar held firm, rising against the Japanese yen as placid markets encouraged investors to resume carry trades. MSCI's gauge of stocks across the globe fell 7.54 points, or 0.95%, to 784.91, putting it on track for its biggest daily decline since April 30. "It's the aftermath...