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Swings in the bond market shake stocks worldwide

Swings in the bond market shake stocks worldwide

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NEW YORK — More swings in the bond market rattled stock markets around the world on Thursday.

On Wall Street, the moves were relatively modest after U.S. bond yields cranked higher but then gave back the gains later in the day. The S&P 500 rose 0.2 per cent and snapped a three-day losing streak.

The Dow Jones Industrial Average added 21 points, or less than 0.1 per cent, and the Nasdaq composite inched up by less than 0.1 per cent.

The moves were more dramatic in Europe, where stock indexes tumbled 1.7 per cent in London, 1.6 per cent in Paris and 1 per cent in Frankfurt. They were hurt by sharp…

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