Global Bonds Fall On Threat Of Further Rate Hikes: Markets Wrap
<p>A selloff in government bonds accelerated Monday as the threat of further interest rate hikes unsettled traders. The yield on 30-year German bonds rose as much as nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped six basis points. US equity futures rose modestly, signaling a rebound from Friday’s retreat. Investors were focusing on data that shows US economic strength and comments from Federal Reserve Governor Michelle Bowman over the weekend that the rates may need to rise further to bring down inflation. A closely watched measure of US inflation due this week could stoke more volatility. […]</p>
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