NewsFeeder
10-04-2018, 10:50 AM
Stocks Slide as 10-Year Yield Tops 3.2%; Oil Drops: Markets Wrap
The latest selloff in U.S. government bonds took hold Wednesday in the wake of stronger-than-expected data on private-sector payrolls and the non-manufacturing sector, which have reaffirmed investor confidence in the American growth story. After Fed Chairman Jerome Powell said the central bank could eventually boost its benchmark past the neutral level, U.S. payrolls data on Friday may stoke expectations for rate hikes into 2019. “This withdrawal of liquidity and gradual tightening of monetary policy” is reverberating across financial markets, Bob Baur, chief global economist at Principal Global Investors, said in an interview with Bloomberg Television.
https://finance.yahoo.com/news/treasuries-slide-asia-stocks-set-220143748.html?.tsrc=rss
The latest selloff in U.S. government bonds took hold Wednesday in the wake of stronger-than-expected data on private-sector payrolls and the non-manufacturing sector, which have reaffirmed investor confidence in the American growth story. After Fed Chairman Jerome Powell said the central bank could eventually boost its benchmark past the neutral level, U.S. payrolls data on Friday may stoke expectations for rate hikes into 2019. “This withdrawal of liquidity and gradual tightening of monetary policy” is reverberating across financial markets, Bob Baur, chief global economist at Principal Global Investors, said in an interview with Bloomberg Television.
https://finance.yahoo.com/news/treasuries-slide-asia-stocks-set-220143748.html?.tsrc=rss