World stocks flatline after selloff as U.S. borrowing costs hold below multi-year peaks

World stocks inched off eight-week lows on Wednesday as U.S. long-dated borrowing costs held below multi-year peaks, though market gains were checked by fears for global economic growth and the possibility of an Italy-EU clash over budget spending. The effects of the global bond selloff that took U.S. 10-year bond yields to seven-year highs this week were exacerbated by economic growth concerns stemming from trade conflicts and $80-per-barrel oil, with the International Monetary Fund cutting its world GDP forecasts for the first time in two years.

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