Heavy selling in US government bonds rippled across global markets after higher-than-expected US inflation spurred bets the Federal Reserve won’t have much room to cut rates this year. Australian and New Zealand yields edged higher after Treasury yields, which rise when bond prices fall, advanced across the curve Wednesday. The 10-year yield ended the session … Read more
Asian equities edged lower with US futures ahead of jobs data that will help shape the outlook for Federal Reserve interest rates. Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe … Read more
NEW YORK: The Fed’s well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times. The Federal Reserve on Wednesday said it will begin paring back its monthly bond purchases this month with … Read more