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Business and Money

What you need to know to navigate the economy and your career. Edited by Terry Ponick

quadruple witching, interest rates

March quadruple witching, interest rates haunt Thursday stock action

WASHINGTON – Thursday’s seemingly moderate market gloomfest promptly bumped Wednesday afternoon’s positive, post-FOMC party back to square one. One reason: Wednesday’s benign interest rate environment did an about face Thursday, kicking the 10-year Treasury quote up to current record levels. In addition, that always volatile March quarter quadruple witching phenomenon, happening tomorrow, also looms, threatening ...