The yield on 30-year Treasuries surged as much as 25 basis points to a level unseen since November 2023
Due to political stability, healthy economic growth, and a sustained decrease in US bond yields, foreign portfolio investors (FPIs) have poured nearly Rs 57,300 crore into Indian equities markets this month.
Asian shares on October 5 rebounded from 11-month lows as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks.
There was some disappointment that Beijing chose to lowball its growth outlook with a target of 5%, rather than the 5.5%-plus favoured by the market, but the recent run of actual data has been strong enough to keep investors optimistic.
Spot gold was up 0.1% at $1,821.57 per ounce by 0254 GMT. U.S. gold futures firmed 0.1% at $1,823.10.
Amid the market tumult, all eyes will be on this week’s Fed statement and Chair Jerome Powell’s post-meeting press conference, where policy makers’ characterization of inflation and long-term forecasts for the fed funds target -- the so-called dot plot -- will be critical.
Sentiment soured as shelling increased in eastern Ukraine and a rebel leader announced the surprise evacuation, a surprise development in a conflict the West suspects Russia will use to justify an all-out invasion of its neighbour
Had it not been for the 40-year trend of money getting cheaper, it is doubtful whether emerging market equities would be as big an asset class today as it has become.
If the markets continue to sell off going into the Brexit decision, the last week of June will see a bottom and the markets will rally, says Paul Schatz, President, Heritage Capital.
With US bond yields recovering, monsoons looking good currently, commodity prices remaining soft and the capex reviving, the market is all set to turn around, Pramerica CIO told CNBC-TV18.
John Davies of Standard Chartered Bank says volatility in the US bond yields were driven by the euro bund market and it is likely to continue for the short and mid term.
S&P mini futures fell as much as 0.7 percent to 1,931.75, slipping from two-week highs hit the previous day on budding optimism on corporate earnings and the global economy.
Withdrawal of liquidity would be challenging for EMs with high budget deficit or current account deficit.
US President Barack Obama will address a joint session of Congress on Thursday evening to lay out a new jobs plan and make the case that he is best placed to keep steering the American economy toward recovery.
Stocks rebounded and the euro rallied on Thursday on news of a financial lifeline for Greece, while bonds added to losses after worry over the US credit rating was raised.
Defensive shares led a rebound in US stocks on Thursday as investors weighed mixed economic signals and recent volatility in commodities as they searched for direction.
Is the US bond market bottoming, are global commodities topping out? These are the questions that will have a seminal meaning to us in India, where inflation is already in double digits. In an interview with CNBC-TV18's Latha Venkatesh, Peter Redward of Barclays from Singapore, and Bhanu Baweja of UBS from London answer.