US Bond Market Sells Off as Sticky Prices Weigh on Fed Rate Path
A selloff in global bonds paused as traders waited for US inflation to shed light on whether the Federal Reserve will be able to cut interest rates this year.
A selloff in global bonds paused as traders waited for US inflation to shed light on whether the Federal Reserve will be able to cut interest rates this year.
Sentiment has clearly turned for the better toward Chinese equities with overseas investors purchasing a record amount of onshore shares Friday.
The yen’s relentless decline continued after the Bank of Japan Governor Kazuo Ueda indicated that monetary policy will stay easy for now, with the currency touching a fresh 34-year low versus the dollar.
Signa Prime Selection AG has agreed to sell three Italian properties, including the Hotel Bauer, to the Schoeller Group.
Investors pulled a net $218 million from US Bitcoin exchange-traded funds, one of their worst daily outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts.
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