Bond Yields Rise As China Contagion Risks Weighed: Markets Wrap

<p>Equity markets weakened and US Treasury yields rose as investors weighed the potential for policy action by Chinese regulators to address mounting financial and property risks. US stocks slipped after erasing a premarket gain on initially reassuring developments from China. Treasury yields ticked higher, with the policy sensitive two-year extending an advance into the fourth day to trade at 4.95%. Investors sitting on record first-half gains are having to contend with central bankers warning they are in no rush to cut interest rates. “The timing of the first rate cut will begin to dominate the direction of US yields,” said Ian Lyngen, a rates strategist […]</p>
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