By Mike Dolan
Sept 2 (Reuters) - A new wave of strikes in the Iran war this week has seen energy prices surge once again, adding fuel to the selloff across world bond markets as investors brace for a series of central bank interest rate rises this month.
With rising government borrowing costs concentrated on the economically sensitive 10-year benchmark rates, rising yields have ripped across global stock markets, too.
U.S. 10-year Treasury yields hit their highest since 2023 on Wednesday as world crude and natural gas prices climbed. At 4.8%, the 10-year yield is fast approaching a 5% level seen as a major challenge to equities for mixed ****** et portfolio managers.
But with interest rate rises now odds-on at the Federal Reserve, European Central Bank, and Bank of ****** an this month, there's a nervous couple of weeks ahead.
#seen #World
Sept 2 (Reuters) - A new wave of strikes in the Iran war this week has seen energy prices surge once again, adding fuel to the selloff across world bond markets as investors brace for a series of central bank interest rate rises this month.
With rising government borrowing costs concentrated on the economically sensitive 10-year benchmark rates, rising yields have ripped across global stock markets, too.
U.S. 10-year Treasury yields hit their highest since 2023 on Wednesday as world crude and natural gas prices climbed. At 4.8%, the 10-year yield is fast approaching a 5% level seen as a major challenge to equities for mixed ****** et portfolio managers.
But with interest rate rises now odds-on at the Federal Reserve, European Central Bank, and Bank of ****** an this month, there's a nervous couple of weeks ahead.
#seen #World
2 days ago
