(Reuters) - Treasury yields have risen sharply over the past week, pushing 10-year yields near a five-year high on diminishing expectations for Federal Reserve rate cuts and worries about global monetary tightening to combat inflation pressures.
"Because bond yields moved sharply last week, pulling the dollar higher, the market is focusing on whether U.S. bonds will stabilize, and also let the dollar pause from its recent gains," said Masafumi Yamamoto, currency strategist at Nikko Citigroup.
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"Because bond yields moved sharply last week, pulling the dollar higher, the market is focusing on whether U.S. bonds will stabilize, and also let the dollar pause from its recent gains," said Masafumi Yamamoto, currency strategist at Nikko Citigroup.
Read more at Reuters.com Hot Stocks News
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