Government bonds and stocks fell as traders speculated central banks will keep interest rates elevated to quell inflation. The dollar hit its highest level since March as investors sought safety. Contracts for the S&P 500 and tech-heavy Nasdaq 100 pointed to extended losses as traders returned to their desks following the worst weekly selloff on Wall Street since March. The US Treasury yield hit a fresh 2007 high of 4.5% while the German benchmark rose to the highest since 2011. Mining shares dragged down the Stoxx Europe 600 as China’s property problems weighed on the outlook for natural resources. After the salvo of central bank decisions last week, traders are […]
The post Bonds Resume Selloff As Hawkish Fed Talk Sinks In: Markets Wrap appeared first on Vladimir Ribakov.
