Treasuries Extend Slide On Powell; Stocks Mixed: Markets Wrap

<p>Bonds fell and the dollar rose as Federal Reserve Chair Jerome Powell continued to push back against any hopes of lower interest rates. US 10-year yields climbed nine basis points to 4.11%, extending moves that started on Friday after a blockbuster jobs report. Yields on debt from Australia to Germany rose. The Bloomberg Dollar Index traded near a two-month high and oil prices retreated. Meanwhile, global stock markets were mixed. In the US, S&P 500 futures dipped, while European shares edged higher, supported by strong earnings from Italian lender UniCredit SpA. The “danger of moving too soon is that the job’s not […]</p>
<p>The post <a href="https://vladimirribakov.com/treasuries-extend-slide-on-powell-stocks-mixed-markets-wrap/">Treasuries Extend Slide On Powell; Stocks Mixed: Markets Wrap</a> appeared first on <a href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>