Bonds slide, stocks slip as US election looms

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Bonds slide, stocks slip as US election looms

****** stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the US election.

Benchmark 10-year Treasury yields rose 11 basis points overnight and a further 1 bp in early Asia trade to 4.19 per cent. Gold hit a record high just above $US2,740 ($A4,113) an ounce on Monday and traded at $US2,725 ($A4,090) early on Tuesday.

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