(Reuters) - The sell-off sent JGB futures to an 11-month low and the
two-year yield to a 10-year high as the market tracked U.S.
Treasuries, which tumbled on Thursday on expectations for solid
global growth and central banks continuing to lift interest rates
to ward off inflation.
An unexpected rate hike by New Zealand came a day after the
European Central Bank raised rates to curb price pressure, and
investors have nearly eliminated from their stance any chance of
lower U.S. interest rates this year.
Read more at Reuters.com Bonds News
two-year yield to a 10-year high as the market tracked U.S.
Treasuries, which tumbled on Thursday on expectations for solid
global growth and central banks continuing to lift interest rates
to ward off inflation.
An unexpected rate hike by New Zealand came a day after the
European Central Bank raised rates to curb price pressure, and
investors have nearly eliminated from their stance any chance of
lower U.S. interest rates this year.
Read more at Reuters.com Bonds News
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