Wall Street Freezes Up as Oil Tops $108 and the Ten-Year Clears 5% Ahead of Warsh's First Hike Test
US stocks closed lower on Tuesday as Brent crude pushed above $108 on a shuttered Saudi pipeline and the ten-year Treasury yield broke above 5% for the first time since 2007, with the market now pricing a 93% probability that Fed Chair Kevin Warsh delivers a rate hike on Wednesday.
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