Bond markets extended their retreat as investors braced for the Federal Reserve to take an even more aggressive approach to taming inflation. Two-year Treasury yields are up 76 basis points in March and 10-year yields are up almost 60 bps to 2.4154%, the highest since 2019.
"The move higher in yields stretching over the past two weeks has been the largest one since the global financial crisis and even then the moves were within a couple of basis points of what we are experiencing now," said NatWest Markets' rates strategist Jan Nevruzi.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: Mildly positive on a late rebound in US markets, Fed Powell’s speech eyedAsian Stock Market: Mildly positive on a late rebound in US markets, Fed Powell’s speech eyed By Sagar_Dua24 Asia Nikkei Ukraine Fed InterestRate
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian Stock Market: Traces positive Wall Street, Nikkie225 outperformsMarkets in the Asian domain part ways with the Chinese stocks as the latter has shown subdued performance in the Tokyo session while other markets are
Source: FXStreetNews - 🏆 14. / 72 Read more »
Bond market fireworks highlight recession worriesSharp moves in the U.S. Treasury market are increasingly pointing to the risk of an approaching recession, with 'bond vigilantes coming out of the woodwork' and markets doubting the U.S. Federal Reserve's plan to engineer a 'soft landing' for the economy as it hikes interest rates to fight inflation, market experts said.
Source: Reuters - 🏆 2. / 97 Read more »