Mixed global markets as US treasury yields climb again
US 10-year yields are on course for their biggest quarterly rise since the fourth quarter of 2016, and it is weighing on sentiment
31 March 2021 - 11:25
London/Sydney — Global stocks wavered on Wednesday while the safe-haven dollar held near five-month highs as treasury yields resumed their upward march before US President Joe Biden announces a multi-trillion-dollar plan to rebuild the US’s infrastructure.
The relentless rise of US bond yields, with 10-year yields on course for their biggest quarterly rise since the fourth quarter of 2016, weighed on sentiment even as Chinese data suggested a solid global economic recovery...
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