News Snapshot:
US stocks plunged on Monday as investors grapple with a continued rise in interest rates and a surge in COVID-19 cases across different Chinese cities. The 10-Year US Treasury yield surged 12 basis points to a three-year high of 2.78% on Monday. The surge comes as the Federal Reserve looks set to initiate a rate hike of 50 basis points at next month's meeting of the Federal Open Market Committee along with a $95 billion monthly reduction of its balance sheet , according to its most recent meeting minutes. Meanwhile, a surge in COVID-19 cases in China has led to...
