Published • loading... • Updated
Stocks Fall, Bond Rout Deepens as US and Iran Trade Attacks
Oil rose to five-week highs and the U.S. 10-year Treasury yield hit 4.8122% as investors fled risk assets, according to market data.
- On Wednesday, fresh U.S. airstrikes near the Strait of Hormuz pushed Brent crude to five-week highs, stoking inflation concerns and extending a global bond selloff.
- Tehran claimed it targeted U.S. assets across the region, marking the most significant exchange of fire in weeks and reviving inflation concerns that pressured global government bonds.
- The benchmark U.S. 10-year Treasury bond yield hit an intraday high of 4.8122 per cent, its highest level in almost three years, while the European STOXX 600 fell 0.3 per cent.
- Market participants raised expectations for a Sept rate hike to 68 per cent, up from 37 per cent a week ago, following hawkish comments from Federal Reserve Chair Kevin Warsh.
- Investors await Friday's nonfarm payrolls report for clues on economic resilience, while Ryan Isherwood, CEO of Significance Capital, cautioned that further hostilities could complicate the interest-rate outlook.
Insights by Ground AI
Podcasts & Opinions
20 Articles
20 Articles
Analysis by Matthew Egan, CNN: Yellow lights are flashing in the most important market on the planet: the US bond market. The turmoil is being driven by a confluence of distinct but related forces. The US war with Iran is escalating again, driving up US defense spending and
·Idaho Falls, United States
Read Full Article
Channel News AsiaReposted by 
PressNewsAgency
PressNewsAgencyStocks fall, bond rout deepens as US and Iran trade attacks
Sept 2 : World stocks fell on Wednesday as fresh U.S. airstrikes on Iran pushed oil prices to five-week highs, stoking inflation concerns and extending a global bond selloff. The U.S. struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. assets across the region,
·Singapore, Singapore
Read Full ArticleCoverage Details
Total News Sources20
Leaning Left0Leaning Right3Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 30%
Factuality
To view factuality data please Upgrade to Premium
