May 30, 2024 3:31 PM

Global stocks and bonds steady after rate sell-off

European stocks steadied on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay higher for longer due to stickier inflation readings. The dollar softened slightly as U.S. Treasury yields slippedback while commodity prices came under pressure on renewed expectations that the Federal Reserve is unlikely to cut rates any time soon. The latest slowdown in the global risk rally has come on the back of data pointing to lingering inflat...