(Bloomberg) A selloff in stocks and bonds eased as calm returned to markets after a rate scare that pushed US shares to their lowest since early June.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownTrump Found Liable for Fraud in New York Attorney General’s CaseIndians Have Five Days to Deposit $3 Billion in Soon-to-B
Bond selloff eases as yields fall from decade high bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The pound rose on Monday, taking advantage of a hefty decline in the dollar against the Japanese yen that spilled into other currencies. Against the yen, the pound fell by almost 1% after Bank of Japan Governor Kazuo Ueda at the weekend said the central bank could end its policy of negative interest rates, which has undermined the yen, when achievement of its 2% inflation target is in sight. The dollar bore the brunt of the rush into the yen, falling by the most in two months against the Japanese currency.