Equity Markets Followed Up a Week Full of Records on a Negative Note

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Equity markets followed up a week full of records on a tumultuous and ultimately negative note, as a sharp Friday rally was not enough to get the major domestic indexes back into positive territory for the period. Yield on the benchmark ten-year Treasury spiked higher, eclipsing an eight-week high near 2.12%, as the Fed appeared unfazed by the economy’s weak first quarter growth.

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