The party may not be over yet, but the markets globally are entering a dangerous phase
The pan-European STOXX 600 index rose 0.62% and MSCI's gauge of stocks across the globe gained 0.05%
The current yield inversion has more to do with the temporary demand-supply mismatch in the bond market and doesn't necessarily signal a recession in the US
Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation
The shape of the yield curve is a key metric investors watch as it impacts other asset prices, feeds through to banks' returns and has been an indicator of the economy.
Investors are expecting the U.S. Federal Reserve to raise interest rates by at least 25 basis points amid surging prices later on Wednesday.
MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5% to its highest in two weeks, helped by a 3.8% gain in Hong Kong-listed tech stocks
Investors across asset classes are devoting considerable thought to the pace and timing of interest rate hikes by central banks across the world.
The euro continued to retreat from near a three-month high to Japan's currency
(Reuters) - Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve's interest rate hike timeline from its policy meeting next week.
After the tech-heavy Nasdaq fell 1.3% in Wall Street on Tuesday, Asian shares fell overnight
US yields rose as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation
MSCI's broadest gauge of global shares was flat in European trading, broadly unchanged on the week, buoyed by early gains across most European markets, with Britain's FTSE 100 up 0.4%.
Bond dealers welcome move, say this would help correct distortion in the yield curve
The year 2021 will be one of the strongest years for global growth in history
A rebound in regional economic activity and a drop in US yields boosted sentiment.
Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging Covid cases in some Asian countries boosted demand for metal
Benchmark U.S. bond yields hovered near a one-month low hit in the previous session, while the dollar edged lower against its rivals.
The payroll figures showed broad-based gains across industries, led by a 280,000 surge in leisure and hospitality
The dollar index jumped to a more than four-month high, making greenback-denominated gold more expensive for holders of other currencies.