Key Points
NEW YORK/LONDON (Reuters) A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year highs as investors bet persistently high interest rates will slow world growth and dampen the appetite for riskier assets...
A cooler-than-expected U.S. private payrolls report initially helped stocks on Wall Street rebound from the prior days sharp sell-off, but concerns about the impact of rising rates turned stocks lower on Wall Street and in Europe...
European bonds followed the U.S. rout, with yields on Germanys benchmark 10-year debt rising above 3% for the first time since 2011, before slipping to 2.968%..
The yen was on the stronger side of 150 per dollar on Wednesday, after an unexpected but short-lived surge in the previous session stoked speculation that Japanese authorities may have intervened to support the currency...
In commodity markets, the firm dollar has helped put the brakes on oil prices and higher yields have weighed on gold...
