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Global stocks are gaining ground as bond yields fall

Princess Tarfa

Global stock markets rose to a certain extent on Wednesday as the bond yields fell after a data showed a slow rate of inflation surfacing in the United States as the economy revived after a long time. Asian and European stocks both rose, with European stocks gaining 0.2 percent.

The standard Treasury yields in the United States have regained some land. After reaching a three-week low earlier, the 10-year US Treasury yield rose up to 1.632 percent.

Gains in the countries of Europe have been restricted as of now. This happened because Johnson & Johnson decided to postpone the release of its COVID-19 vaccine, because of its recent side effects.

In Asia, a large number of coronavirus cases are being recorded, expressing concern about Japan's improving economy as Tokyo 2020 is already approaching.

According to the data released on Tuesday, the US consumer price index rose up to 0.6 percent in March. It has increased the most since August 2012, as rising vaccinations and fiscal stimulus released the pent-up demand in the economy.

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