Futures slip as yields rise on bets of higher rates

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(Reuters) – U.S. stock index futures slipped on Tuesday as Treasury yields rose to near multi-month highs on increased chances of more interest rate hikes due to elevated inflation and a strong domestic economy. Wall Street on Monday found some reprieve from the heavy selloff last week that had pushed the major benchmarks to their biggest weekly percentage declines of the year. The gains, however, were not enough to reverse monthly losses for the three main indexes, with the blue-chip Dow in the red for the year after strong economic data suggested the Federal Reserve could keep interest rates…

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