Business

Bond slide strengthens, rattles other markets


A fresh round of bond sales pushed 10-year yields above 3% on Thursday, a day after Federal Reserve Chairman Jerome Powell seems to calm the market by reducing the chance of a super big rate hike in the coming months.

Bond yields, which rise when bond prices fall, started to rise in the early US session and then continued to rise – taking their own momentum and contributing to a sharp drop in equities, which has assemble earlier in the the week.



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button