Stocks are generally lower this morning, with the market’s attention back on bond yields. On Wednesday, the US 10-year Treasury yield rose back towards 1.5%, again raising concerns about inflation. US markets closed lower, particularly the Nasdaq index which ended the session close to a two-month low.
UK stocks closed higher on Wednesday, lifted by Chancellor Rishi Sunak’s budget statement. Housebuilder’s made gains, boosted by confirmation that the stamp duty holiday will be extended until June.
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