bond

December 19, 2024 3:25 PM

Global stocks, bond prices fall after Fed sounds cautious, BOJ hold weakens yen

Global stocks around the world tumbled on Thursday, with the 10-year U.S Treasury yield at its highest since May, a day after the Federal Reserve said it would temper the pace of rate cuts, kicking off a busy 24 hours for other central banks. The Bank of Japan took up the market-moving baton on Thursday, keeping rates steady as expected, but the yen weakened as markets took the message from Governor Kazuo Ueda's press conference that a January rate hike was not the done deal they had previo...

Global stocks wilt, bond yields jump as investors focus on rates

A global equities gauge fell on Wednesday while benchmark U.S. Treasury yields rose as investors worried about interest rates a day after a weak bond auction and waited for a key U.S. inflation report due on Friday. The dollar held firm, rising against the Japanese yen as placid markets encouraged investors to resume carry trades. MSCI's gauge of stocks across the globe fell 7.54 points, or 0.95%, to 784.91, putting it on track for its biggest daily decline since April 30. "It's the aftermath...