Bond yields jump and stocks wilt as rate cut doubts resurface

FILE PHOTO: Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024. REUTERS/Issei Kato/FILE PHOTO

The benchmark 10-year U.S. Treasury yield rose as high as 4.578 per cent, a level not seen since May 3. Yields move inversely to prices. Traders currently put the odds of at least a quarter-point interest rate cut by September at around 44 per cent following the data, from a coin toss a day earlier, according to the CME Group's FedWatch Tool.

The rise in U.S. yields spread around the world, with Germany's 10-year bond yield climbing 6 basis points to 2.648 per cent, the highest in a month. Gupta said the release of U.S. personal consumption expenditure inflation data on Friday will be an important guide for Fed policy. Economists expect PCE inflation - the Fed's preferred measure - held steady at 2.7 per cent in April from the same level in March.

In energy markets, Brent crude oil futures for July delivery rose 0.7 per cent to $84.81 a barrel, the highest since May 1, while U.S. crude futures climbed 0.75 per cent to $80.42.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Singapore stocks open lower on Wednesday—STI dropped by 0.1%Straits Times Index (STI) dropped by 0.1%, losing 3.37 points at 3,326.72
출처: IndependentSG - 🏆 9. / 63 더 많은 것을 읽으십시오 »

Singapore stocks started lower on Wednesday—STI dropped by 0.4%Straits Times Index (STI) dropped by 0.4% to 3,287.81
출처: IndependentSG - 🏆 9. / 63 더 많은 것을 읽으십시오 »