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Global Bonds Fall On Threat Of Further Rate Hikes: Markets Wrap
A selloff in government bonds accelerated Monday as the threat of further interest rate hikes unsettled traders. The yield on 30-year German bonds rose as much as nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped six basis points. US equity futures rose modestly, signaling a rebound from Friday’s retreat. Investors were focusing on data that shows US economic strength and comments from Federal Reserve Governor Michelle Bowman over the weekend that...
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Posted: Aug 7 2023, 12:05
Author Name: vladimirribakov
Views: 0222100