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Benzinga
Benzinga
Business
Melanie Schaffer

The SPY Drops, 10-Year Treasury Yield Soars: What To Watch Heading Into Fed Minutes

The SPDR S&P 500 (NYSE:SPY) gapped down 0.76% on Wednesday, for a total of a 3.14% decline since reaching a high of $462.07 on March 29.

Traders and investors have become jittery in anticipation the Federal Reserve will announce an aggressive rate hike when the central bank’s March meeting minutes are released at 2 p.m.

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