News Formal

Markets Wrap: Stocks sink as bonds convulse and dollar rally grows

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

United States News News

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

The turmoil in bond markets has damped optimism the start of the new month would bring some clarity to the financial world, analysts said

An accelerating selloff in US government bonds is starting to spread havoc across financial markets, pushing up borrowing costs, weighing on currencies and driving stocks toward a technical correction.

An Asia stock benchmark fell for a third day, taking its decline since a July high to just over 10 per cent. Treasuries extended losses in Asian trading, with yields on 10- and 30-year notes approaching 5 per cent. Europe equity contracts and US stock futures ...

 

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

 /  🏆 8. in US

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.

Markets wrap: Negative note sounded for Euro stocks as manufacturing levels slideIrish index follows European peers as banking stocks, food and property shares dip lower
Source: IrishTimes - 🏆 3. / 98 Read more »

Markets wrap: Negative note sounded for Euro stocks as manufacturing levels slideIrish index follows European peers as banking stocks, food and property shares dip lower
Source: IrishTimes - 🏆 3. / 98 Read more »