The global bonds selloff resumed on Monday, with 10-year Treasury yields rising to the highest since 2007, as investors waited for a speech by Federal Reserve chief Jerome Powell to provide clues on the direction of interest rates. Treasury 10-year yields rose more than six basis points to 4.64%, while contracts on the US S&P 500 and Nasdaq 100 indexes slid, giving up earlier gains that were fueled by relief lawmakers had reached a deal over the weekend to avoid a government shutdown. However, the focus in markets has quickly shifted back to interest rates, especially as rising oil prices […]
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