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Asian Shares Slip as Worries About Rising Oil Prices Offset Boost From Strong Earnings
- On Tuesday, U.S. stocks fell as the 30-year Treasury yield hit 5.32%, its highest level since 2007, while the Dow Jones Industrial Average lost 272.63 points amid rising long-term yields.
- President Donald Trump ruled out extending the 60-day Iran ceasefire and threatened Oman with military action, fueling energy market anxiety and pushing Brent crude futures above $90 a barrel.
- Investors are monitoring quarterly results from retail titans Walmart, Home Depot, and Target for consumer spending trends, with Home Depot reporting net sales of $47.9 billion before Tuesday's open.
- An European Central Bank paper warned that a correction in AI valuations is likely, though Anthropic posted $11.5 billion in revenue for the second quarter, signaling continued sector strength.
- Long-Term Treasury yields look likely to push toward 5.60% as Cleveland Federal Reserve President Beth Hammack warned bringing inflation under control may require more than one rate hike.
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(New York = Yonhap News) Correspondent Lim Soo-jung = Long-term government bond yields in major countries including the U.S., Japan, and France have soared to their highest levels in decades, triggering a sell-off in the global bond market...
·Seoul, Korea (the Republic of)
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Local 3 NewsReposted by 
KEZI 9 News
KEZI 9 NewsThe concerns of investors over a number of factors, from inflation to high public deficits, are driving a massive sale in global bond markets, which is a pain in the head for those responsible for...
Global bond markets are getting hammered. Here’s why that could make your life more expensive
Investors’ concerns over issues like inflation and hefty government deficits, plus more competition from corporate bonds, are driving a global bond market sell-off, pushing up borrowing costs for governments and everyday people alike.
·Atlanta, United States
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Total News Sources93
Leaning Left16Leaning Right15Center37Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 24%
C 54%
R 22%
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