The dollar soared as U.S. Treasury yields hit their highest in almost 12 weeks, while Spanish borrowing costs rose and stocks fell as a police crackdown on a unilateral independence vote in Catalonia rattled investors. Firming expectations the U.S. Federal Reserve will raise interest rates for a third time this year, data pointing to steady growth in the world’s largest economy and talk of a potentially more hawkish successor to Fed Chair Janet Yellen combined to push Treasury yields higher. Ten-year yields topped 2.37 percent, their highest since mid-July, pushing the dollar half a percent higher against a basket of currencies. “The dollar is stronger on higher Treasuries, and the market is seeming to play the idea that the Fed might become more hawkish when we look at […]