US bond yields rise further over Fed rate fears
US bond yields have continued to march upwards as ‘higher-for-longer’ interest rate fears and renewed government shutdown risks encouraged investors to sell treasuries.
Victoria Scholar, Head of Investment, interactive investor said: “Yields are marching higher with the 10-year US Treasury yield hitting its highest level since October 2007 while the dollar index traded close to highs not seen since November 2022. Dollar-yen has also rallied to an 11-month high. T
“his follows hawkish comments from the Minneapolis Fed President Neel Kashkari who said the central bank may need to raise rates further given the strength of the US economy.”
FTSE flat at noon
Midway through the day’s trading session, the FTSE 100 index is flat while the pound has fallen further against the dollar.
Here’s a look at your key market data.
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