NEW YORK/LONDON Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil futures extended their rally. Aides for President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy, convened again after the two leaders failed to reach an agreement on Monday on how to raise the U.

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