Global markets remain cautious before US finance officials give testimony in Congress
Benchmark 10-year US treasury notes last yielded 1.6505%, down from 1.732% late on Friday
23 March 2021 - 12:10
London/Hong Kong — Shares edged down, bond yields eased and the dollar crept up towards recent peaks on Tuesday with markets in a cautious mood ahead of Congressional testimony by US Fed chair Jerome Powell and treasury secretary Janet Yellen later in the day.
The Stoxx index of 600 European shares was down 0.4%, while the benchmark 10-year German government bond yield dropped 1.9 basis points to -0.3290% as Monday’s plunge in the Turkish lira and lingering concerns over coronavirus infection rates drove investors to safer assets...
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