Reported about 23 hours ago
A significant selloff in government bond markets worldwide is unsettling investors as concerns grow over U.S. President-elect Donald Trump's impending policies, with yields reaching their highest levels in years. The rise in Treasury yields, particularly the 10-year note surpassing 4.7%, signals deepening uncertainty in financial markets, prompting a decline in currencies such as the euro and sterling against the dollar. Escalating inflation and fiscal policy uncertainties are further complicating the situation, suggesting potential challenges for the new administration as it assumes power.
Source: YAHOO