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Biotech Booms on Fat Synageva Deal, Bucks Yellen-Fueled Fears
2015-05-07 01:18:47| Biotech - Topix.net
Federal Reserve Chair Janet Yellen turned the bulls yellow today after she said that stocks valuations are high, and that long-term bond yields could jump when the Fed raises rates. The comment pushed the S&P 500 down 0.5%, while the ten-year US Treasury yield rose 5.6 bps to 2.21%.
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Category:Biotechnology and Pharmaceuticals
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