Wall Street rebounded on Monday and global stocks rose from a four-week low as investors banked on economic growth, while the U.S. dollar sank from Friday’s 10-week high, boosting oil prices. The benchmark note was still trading well below its recent mid-point range of about 1.6% after traders reacted to Federal Reserve expectations for a rate hike. Shares of banks, energy firms and other companies that tend to be sensitive to the economy’s fluctuations recovered after having fallen sharply since the Fed’s meeting on Wednesday, when the central bank caught investors off guard by anticipating two quarter-percentage-point rate increases in 2023.
