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U.S. bonds rally and global stocks tumble as ECB raises questions about Turkey contagion

“Inflation is a key data point for fixed-income investors because rising inflation can erode the fixed value of debt instruments” writes Mark Decambre for marketwatch.com. Also, rising inflation can cause the Federal Reserve to act more promptly in trying to normalize interest-rate policy to combat out-of-control rising prices and inflation.The 30-year bond yield TMUBMUSD30Y, -1.20%  shed 3.3 basis points to 3.048%, after its sharpest yield decline in a day since June 27.The two-year note yield TMUBMUSD02Y, -0.62% gave up 1.7 basis points to 2.633%, following its biggest daily yield drop also since July 3 on Thursday.The 10-year Treasury note yield TMUBMUSD10Y, -0.96%  lost 3.6 basis points to 2.899%, a day after marking its largest one-session yield decline since July 3, based on values around 3 p.m.
 
Source: marketwatch.com



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