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- ^TNXMarketWatch•17 hours ago
Rising inflation would be good for stock-market bulls and bond-market bears
U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank's decision a day earlier to extend economic stimulus. U.S. Treasury yields climbed with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast data on China inflation and U.S. consumer sentiment ahead of $56 billion of government debt auctions. European shares had their best week since January, after the ECB decision to cut monthly bond purchases to 60 billion euros ($63.7 billion) from 80 billion and extend buying to December, three months longer than analyst forecasts.