Column: U S spillover risks stifling Europe and spurring ECB into action
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Column: U S spillover risks stifling Europe and spurring ECB into action
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Column: U S spillover risks stifling Europe and spurring ECB into action
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
U.S. bond yields touch one-year high; stocks mixed
Andreea Papuc, Bloomberg News VIDEO SIGN OUT
U.S. bond yields surged to the highest in a year, while American stocks climbed to records as optimism over the economic recovery continued to ripple through markets.
The yield on the benchmark 10-year Treasury note increased as much as nine basis points to 1.30 per cent, the highest since February 2020. Global bonds extended the worst start to a year since 2013.
The S&P 500, Nasdaq Composite and Dow Jones Industrial Average indexes all set records Tuesday, before easing from the highs. The MSCI benchmark for emerging and developed market stocks snapped an 11 session winning streak.