FX & CFD trading involves significant risk
Stocks are down sharply in the opening minutes of the session. Weakness is widespread, but materials stocks, energy stocks, and financial stocks are in the worst shape; their losses currently range from 1.5% to 1.7%. Only tech, consumer discretionary, and consumer staples have managed to limit their losses to less than 1%.
Amid such sharp selling pressure, Treasuries have attracted plenty of safety seekers. In turn, the yield on the benchmark 10-year Note is back below 3.0% to trade near its one-week low.
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