NEW YORK (AP) — Oil costs soared and buyers shifted extra money out of shares and into ultra-safe U.S. authorities bonds as Russia stepped up its struggle on Ukraine.
The worth of oil surged again above $100 a barrel after Russia, a significant power producer, confronted additional isolation and financial harm due to its invasion of Ukraine.
The push into bonds pushed the yield on the 10-year Treasury again all the way down to 1.72%, the place it was in January.
In February, it had crossed again above 2% for the primary time in over two years.
The S&P 500 fell 1.5%.
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