All articles tagged with #global bond yields
Global bond yields rose to about 3.72% on Bloomberg’s gauge—the highest since mid-2008—driven by higher oil prices, inflation fears, and expectations the Fed will raise rates again, with Jackson Hole remarks signaling a higher-for-longer path; yields also rose in Japan and Australia amid energy-disruption concerns over the Strait of Hormuz.
U.S. stocks ended the week in the red as a "perfect storm" of surging global bond yields, a slumping Chinese economy, and the possibility of higher interest rates in the U.S. battered markets. Bitcoin experienced a dramatic fall after reports that Elon Musk's SpaceX sold its bitcoin holdings. Users of X (formerly Twitter) might lose the ability to block other users, sparking criticism. Major indexes had a bad week, with the S&P 500 and Nasdaq Composite experiencing their third consecutive losing week. However, investment firm GMO believes the U.S. stock market will still have a sustained rise in the long run, with an average return of 6.5% through 2030.