Another round of interest-rate adjustments struck financial markets on Wednesday, putting equities further at risk of missing out on a sustainable return to an early 2023 rally.As the policy-sensitive 2-year Treasury yield inched closer to 5% and the benchmark 10-year rate briefly pierced 4%, investors and traders sold off the broader S&P 500 and Nasdaq Composite in tandem with bonds, underscoring just how wobbly risk assets could remain for the rest of 2023.
Meanwhile, the 1-year T-bill rate BX:TMUBMUSD01Y moved further…
