NEW YORK/LONDON : A global bond selloff continued on Wednesday, hurting stocks and boosting the dollar, amid signs that the U.S. economy remains strong, limiting the prospects of further interest rate cuts.The benchmark 10-year U.S. Treasury yield rose to as high as 4.73 per cent, its highest since April

NEW YORK/LONDON :A global bond selloff continued on Wednesday, pressuring stock prices and boosting the dollar as signs of continuing strength in the U.S. economy dimmed expectations for aggressive near-term interest rate cuts.The benchmark 10-year U.S. Treasury yield rose as high as 4.73 per cent, a peak sin

NEW YORK/LONDON :A selloff in global bonds continued on Wednesday, pressuring Wall Street stocks and boosting the dollar as signs of continuing strength in the U.S. economy dimmed expectations for aggressive near-term interest rate cuts.The benchmark 10-year U.S. Treasury yield rose as high as 4.73 per cent,