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Wall Street slips from record highs as Treasury yields climb

Original: Wall Street ends lower, off record highs, as Treasury yields climb

US stock markets closed lower on Monday, pulling back from recent record highs as Treasury yields rose. The climb in yields pressured equities, with investors weighing the implications for borrowing costs and valuations. Traders are watching bond markets closely for signals on the Federal Reserve's next moves and the outlook for interest rates.

Why now: Rising Treasury yields are raising concerns about equity valuations and interest rate prospects.

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Evidence

• Wall Street ends lower, off record highs, as Treasury yields climb · Reuters

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