Bond selloff pauses; S&P and Nasdaq tread water on yen intervention watch
Global sovereign-debt selloff paused in early European trade as stocks moved sideways. Investors monitored further currency intervention after the Japanese yen surged more than 1% against the dollar to a near one-month high.
By Joe StonorThe global selloff in sovereign debt paused and equity markets moved sideways in early European trade as investors were on alert for further currency intervention after the Japanese yen surged against the dollar.The yen rose by more than 1% against the dollar to a near one-month high…