Connect with us

Business

Rising bond yields spook world shares as investors look to Powell – Fox Business

Powell is due to speak Thursday at 12:05 p.m. EST

Published

on

Article feature image
ADVERTISEMENT

Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The spectre of higher U.S. bond yields also undermined low-yielding, safe-haven assets, such as the yen, the Swiss franc and gold.
Benchmark 10-year U.S. Treasuries rose to 1.477% as investors bet U.S. inflation could pick up as…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Stock futures pause after record day – Fox Business
Article feature image
DogeCoin just hit 25 cents: Why that has the internet excited – CNET
Article feature image
Watch Live: IMPD response to multiple people shot in commercial area on southwest side – WISHTV.com