LONDON/SYDNEY - The benchmark 10-year Treasury yield rose above 5 percent and to its highest since 2007 on Monday, as a roaring U.S. economy led investors to expect interest rates to stay high for an extended period. The combination of those higher yields and risk of a wider conflict in the Middle East soured sentiment at the start of a week full of mega-cap earnings and key data, and pushed global shares down to seven-month lows. The 10-year Treasury yield reached 5.012 percent, and was last up 8.6 basis points on the day, the latest sign of the scale of the global bond sell off, driven also by rising government debt increasing supply of bonds around the world. "5 percent f...
Keep on reading: 10-year Treasury yield hits 5%, stocks at seven-month lows
from INQUIRER.net https://ift.tt/7bgiFYK
Keep on reading: 10-year Treasury yield hits 5%, stocks at seven-month lows
from INQUIRER.net https://ift.tt/7bgiFYK
إرسال تعليق