Bond yields slip from peaks as market awaits US jobs data
Global bond yields retreat from highs, with focus shifting to US non-farm payrolls data due Friday.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Global bond yields retreat from highs, with focus shifting to US non-farm payrolls data due Friday.
China's private services PMI rose to 51.4 in August, beating expectations, as domestic demand drove faster new business growth and a fourth month of job gains.
Japan's services PMI hit 52.5 in August, supporting BOJ rate hike expectations amid sustained cost pressures.
New York Fed President Williams said Treasury yield surge reflects strong economy, not market dysfunction, easing alarmist interpretations.
This week's China PMI data is recapped, with Thursday's services PMI from RatingDog and implications for AUD.
Government bond yields in the US, Japan, and Europe hit multi-decade highs in a synchronized selloff reminiscent of the 2008 crisis.
Adam Back invests €7.6 million in Capital B to fund further bitcoin purchases, including 376 coins.
The Fed's Beige Book shows modest economic growth and moderate inflation since July, with mixed outlooks.
A flood of headlines from Washington on beef, oil, China, AI, bonds, and Japan as officials tout plans but face delivery challenges.
The US Mint began selling the 2026 Trump $1 coin. 250,000 coins with a July 4 privy mark are hidden in rolls and bags.
BOC Governor Macklem comments on inflation risks and policy outlook, influencing the CAD.
Bank of Canada kept policy rate unchanged, citing a broadening recovery but increased upside risks to inflation from energy prices and trade uncertainty.
US factory orders rose 0.9% in July, above the 0.6% forecast. Durable goods orders matched preliminary figures.
The Bank of Canada held its overnight rate at 2.25%, noting increased inflation risks and trade uncertainty from US tariffs.
Fed Chair Warsh's hawkish tone pushed September rate hike probability to 57%, while Nvidia earnings provided temporary support.