A global bond selloff continued on Wednesday, hurting stocks and boosting the dollar, amid signs that the US economy remains strong, limiting the prospects of further interest rate cuts. The benchmark 10-year U.S. Treasury yield rose to as high as 4.73 per cent, its highest since April 2024, building on Tuesday's 7 basis point rise. It was last up 0.4 basis points to 4.689 per cent.
'Going into this first quarter that we're in right now, aside from earnings, I think a big risk for equities is if bond yields do get to 5 per cent,' said Mark Malek, chief investment officer at SiebertNXT in New York.'Buyers are going to be a little bit more reticent. So the people that were powering the market higher, the bid is going to weaken.' The selloff in bonds on Wednesday accelerated after a CNN report that U.S. President-elect Donald Trump is considering declaring a national economic emergency to provide legal justification for a series of universal tariffs on allies and adversaries. On Wall Street, all three main indexes were trading lower in choppy trading, weighed down by utilities, communication services, technology, and consumer discretionary stocks. Health care equities were the only group of stocks to advance out of the 11 in the benchmark S&P 500. The Dow Jones Industrial Average fell 0.39 per cent to 42,364.56, the S&P 500 fell 0.50 per cent to 5,879.54, and the Nasdaq Composite fell 0.77 per cent to 19,338.71. European shares dipped, with the pan-European STOXX 600 finishing down 0.2 per cent, with most regional bourses also in the red. MSCI's gauge of stocks across the globe fell 0
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Microsoft's AI Investment Fuels Chipmaker RallyMicrosoft's plan to invest $80 billion in AI data centers by fiscal 2025 sparked a rally in chipmaker stocks, with analysts predicting strong semiconductor demand driven by the growth of AI.
더 많은 것을 읽으십시오 »
Potential Merger in Singapore's Telecom Sector Fuels SpeculationTalks of a merger between StarHub, M1, and Simba Telecom have ignited speculation about a significant restructuring in Singapore's telecommunications landscape. Analysts predict a surge in mergers and acquisitions (M&A) in the telecom sector, driven by favorable economic conditions and the industry's transition towards technology.
더 많은 것을 읽으십시오 »
Stocks lose ground while bond yields rise with rates in focusNEW YORK/ LONDON :MSCI's global equity gauge was lower on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting.In U.S.
더 많은 것을 읽으십시오 »