Global bond yields ease as Treasury 10-year slips
The 10-year Treasury yield fell to 5.213% after hitting a 24-year high earlier in the session, as bets grow that U.S. rates may not rise as fast as previously thought.
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The 10-year Treasury yield fell to 5.213% after hitting a 24-year high earlier in the session, as bets grow that U.S. rates may not rise as fast as previously thought.
The 2-year US Treasury yield slipped after New York Fed President John Williams said there was 'no urgency' for further action, while major stock indexes eased. US crude fell and the dollar firmed against the yen as investors awaited Wednesday's PCE inflation data.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
Bitcoin (CRYPTO: BTC) punched through $80,000 on Friday, driving a rally in crypto equities even as broader markets stalled under rising bond yields. Kansas City Fed President Jeffrey Schmid delivered a hawkish signal, defending rate hikes against sticky, broad-based inflation above 3%. Bond yields spiked in response