Business Maverick: U.S. Bonds, Stocks Sink as Rate-Hike Bets Ramp Up: Markets Wrap

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Business Maverick: U.S. Bonds, Stocks Sink as Rate-Hike Bets Ramp Up: Markets Wrap
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The U.S. bond selloff deepened and stocks declined on Wednesday as investors positioned for a stepped-up campaign of monetary tightening by the Federal Reserve to tackle high inflation.

in almost three decades after Fed Governor Lael Brainard said the U.S. central bank would start trimming its balance sheets rapidly as soon as May.

The Stoxx Europe 600 index headed for its biggest drop in a month, with tech and carmakers leading the decline. WTI crude fluctuated around $102 a barrel. And Twitter Inc., Microsoft Corp. and Apple Inc. were among the worst performers in U.S. trading.

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