US, European Bond Yields Rise; French Bonds Underperform on Budget Concerns
Yields on U.S. and European government bonds rose, with French bonds underperforming due to ongoing budget concerns, as the global bond selloff resumed Wednesday after a day of relief. U.S. Treasury yields rose in Asian hours and continued to do so as Europe opened.
S. and European government bonds rose, with French bonds lagging amid ongoing budget concerns, as the global bond selloff resumed Wednesday after a day of relief. S. Treasury yields climbed in Asian trading and kept rising as Europe opened, with investors awaiting an inflation reading later in the week and digesting the Bank of Japan’s surprise rate hike.