Bonds Yields Climb As Traders Look Ahead To Powell: Markets Wrap

<p>The global bonds selloff resumed on Monday, with 10-year Treasury yields rising to the highest since 2007, as investors waited for a speech by Federal Reserve chief Jerome Powell to provide clues on the direction of interest rates. Treasury 10-year yields rose more than six basis points to 4.64%, while contracts on the US S&#38;P 500 and Nasdaq 100 indexes slid, giving up earlier gains that were fueled by relief lawmakers had reached a deal over the weekend to avoid a government shutdown. However, the focus in markets has quickly shifted back to interest rates, especially as rising oil prices [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://vladimirribakov.com/bonds-yields-climb-as-traders-look-ahead-to-powell-markets-wrap/">Bonds Yields Climb As Traders Look Ahead To Powell: Markets Wrap</a> appeared first on <a rel="nofollow" href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>