Home Stock & Shares U.S. 10-year yield on course for biggest monthly rise in over a year

U.S. 10-year yield on course for biggest monthly rise in over a year

by Paul

Bond yields rose on Wednesday, with 10-year U.S. Treasury yields on course for their biggest monthly rise in over a year as investors continued to build up bets that the Federal Reserve will raise interest rates before the year is out.

The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen.

The increase in market-based rates and a firm dollar kept a lid on world stock. Japan’s Nikkei 225 bucked the trend, however, its 1 per cent rally driven by the yen’s fall to a one-month low.

U.S. futures pointed to a slight decline at the open on Wall Street ESc1 and Europe’s main bourses hovered close to flat in early trading.

The notable gainer was German bank Commerzbank (CBKG.DE); whose shares rose as much as 4 per cent after a German magazine reported that the country’s biggest lender Deutsche Bank (DBKGn.DE) had in the past considered the idea of a merger with Commerzbank.

Deutsche boss John Cryan, however, poured cold water on the idea, erasing some of the gains in Commerzbank shares.

Risk Warning:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More