World stocks slip from six-year high, euro yields fall

Apr 07 2014, 14:40 IST
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The Nasdaq suffered its biggest decline since February on Friday as high-flying and high-growth shares mostly in the tech and biotech sectors. Reuters The Nasdaq suffered its biggest decline since February on Friday as high-flying and high-growth shares mostly in the tech and biotech sectors. Reuters
SummaryThe MSCI world equity index fell a third of a percent, having hit levels not seen since late 2007 on Friday.

jobs report eased concerns about an early interest rate hike.

Short- and medium-term Treasuries yields had surged after Fed Chair Janet Yellen suggested on March 19 that the central bank could raise interest rates earlier than expected. Yellen was more dovish in a speech on March 31, when she defended the Fed's supportive measures.

Short- and medium-dated Treasuries notes are viewed as most vulnerable to a hike in overnight interest rates, which are currently near zero.

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