Stocks Fall as US Bond Yields Rise, Oil Eases on Trump's Iran Comments The past week has seen a convergence of events that has left investors scrambling to make sense of the market's reaction.
US President Donald Trump's decision to pause planned attacks on Iran and his optimistic assessment of prospects for a nuclear deal have sent shockwaves through global markets.
US bond yields continue to rise, with the 10 year yield reaching its highest level in 15 months. This trend has pushed stocks downward, with the Nasdaq leading declines on Wall Street.