Global long-term yields rise as mixed economic data emerges
Long-term government bond yields are climbing as economic data from major economies sends conflicting signals about inflation and growth.
Global long-term yields are rising amid mixed economic signals from around the world. While some economies like Singapore and Japan delivered upbeat data, China's figures were described as uninspiring. Canadian inflation also rose, and tensions in the Strait of Hormuz hardened, contributing to higher oil prices and gold gains. The US 10-year Treasury yield reached 4.73%.
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Breakfast briefing: Long-term yield warning signals grow stronger
Conflicting Hormuz stands harden; global long term yields rise; Canadian inflation rises; Singapore and Japan deliver upbeat data; China data uninspiring; UST 10yr at 4.73%; gold up; oil prices up; NZ$1 = 59 USc; TWI-5 = 62.6