Treasury yields nudge lower ahead of Powell comments and ECB rate decision
After surging to near 3.4% on fears stubborn inflation will cause the Federal Reserve to aggressively hike rates, the 10-year Treasury yield is trading at 3.2%
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After surging to near 3.4% on fears stubborn inflation will cause the Federal Reserve to aggressively hike rates, the 10-year Treasury yield is trading at 3.2%
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Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week.
Asian shares were mixed Wednesday as a wait-and-see mood set in following another — though more modest — day of sell-offs on Wall Street.
A measure of the eurozone economy fell to an 18-month low as consumers felt the pinch from inflation, even as price pressures at businesses may have peaked.
Asian shares were trading lower Tuesday, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the U.S. Federal Reserve.
The dollar's bounce was also backed by higher U.S bond yields and a general "risk-off" tone across markets as investors worried about a hawkish Fed.
The U.S. dollar is on the upswing again and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy for the last month.
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