New York, Sep 29 (AP) Stocks are dropping in early trading on Wall Street as bond yields get back to rising, putting the squeeze back on markets.

The S and P 500 was 1.6 percent lower on Thursday and on pace for its seventh drop in the last eight days.

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A day before, stocks jumped and bond yields tumbled in relief after the Bank of England moved forcefully to keep borrowing rates there from spiking further.

But US Treasury yields were marching higher again on Thursday on expectations the Fed will continue its rate hikes to slow inflation.

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A better-than-expected report on US layoffs only bolstered those expectations. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)