News Formal

Business Maverick: Bonds Extend Drop After Fed Sparks One of Worst Days in Decade

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

United States News News

United States United States Latest News,United States United States Headlines

The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade.

Bonds Extend Drop After Fed Sparks One of Worst Days in Decade

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Nov. 30, 2021. The Federal Reserve chair, in his first public remarks on the omicron variant of the coronavirus, said it poses risks to both sides of the central bank's mandate to achieve stable prices and maximum employment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Biden Sees Risk of Russian Cyberattack on U.S. as Sanctions BitePresident Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine.
Source: dailymaverick - 🏆 3. / 84 Read more »

SA Lifesaving Championships kicks off in Gqeberha - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Day one of the SA Lifesaving Championships has kicked off in Gqeberha. It saw the Masters and older age groups set the tone for what the Friendly City can expect for the next six days. portelizabeth
Source: SABCNews - 🏆 37. / 51 Read more »

Market data — March 21 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »