Global bond yields climb to multi-year highs across developed markets
Global government bond yields have surged to multi-year highs as inflation and borrowing concerns drive a broad selloff across developed markets.
Global government bond yields have surged to multi-year highs as inflation and borrowing concerns drive a broad selloff across developed markets.
Markets see 91% chance of Fed rate hike on Wednesday, but attention turns to signals for further tightening.
Canada will allow immediate expensing for most new capital investment, Prime Minister Mark Carney said.
New York's September manufacturing index fell to +7.6, well below the +15.0 forecast, from +20.6 in August.
Pentagon estimates Iran war at $33.4B, but fuel costs hit consumers with $106.5B, triple the military's figure.
UK labour market data showed further cooling in July and August, with payrolls down 26,000 and wage growth easing to 3.9%, ahead of the BOE decision.
10-year Treasury yields reached 5.02% amid persistent inflation and hawkish Fed expectations, approaching pre-crisis levels.
China's August retail sales rose 0.4% year-on-year, missing the 0.6% expectations, while industrial production beat forecasts.
China's new home prices fell 3.0% year-on-year in August, easing slightly from July's 3.2% drop, as the property downturn persists with uneven city-level…
Canada's August CPI matched expectations at 3.0% year-on-year, while core measures were mixed and the Canadian dollar fell on reduced rate hike odds.
India's August retail inflation rose to 4.82% from 4.45% in July, firming the case for an RBI rate hike in October.
Goldman, JPMorgan and HSBC now expect a 25-bps Fed hike in September, with some predicting further moves.
Trump urges lowest US rates despite inflation data, markets see 86% chance of Fed hike Wednesday.
Yale and London Business School study finds 3% of Polymarket traders earn 27% of profits, with Wall Street competition eroding that edge.
ECB President Lagarde says inflation shock will persist, warns on AI valuations. Deposit rate at 2.5%.