Bond-yield hardening and U.S. labor signals sway markets
Hardening bond yields weighed on global sentiment while Fed rate-hike bets softened on hints of a broader U.S. labor-market slowdown. Markets also absorbed a decline in crude oil prices amid rising geopolitical tensions.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The hardening in bond yields continued to weigh on global market sentiment even as Fed rate hike bets softened amidst hints of a broader slowdown in the U.S. labor market.
Markets also digested the decline in crude oil prices despite the escalation in tensions b…