Stocks Fall, Bond Rout Deepens as US and Iran Trade Attacks
Oil rose to five-week highs and the U.S. 10-year Treasury yield hit 4.8122% as investors fled risk assets, according to market data.
- On Wednesday, fresh U.S. airstrikes near the Strait of Hormuz pushed Brent crude to five-week highs, stoking inflation concerns and extending a global bond selloff.
- Tehran claimed it targeted U.S. assets across the region, marking the most significant exchange of fire in weeks and reviving inflation concerns that pressured global government bonds.
- The benchmark U.S. 10-year Treasury bond yield hit an intraday high of 4.8122 per cent, its highest level in almost three years, while the European STOXX 600 fell 0.3 per cent.
- Market participants raised expectations for a Sept rate hike to 68 per cent, up from 37 per cent a week ago, following hawkish comments from Federal Reserve Chair Kevin Warsh.
- Investors await Friday's nonfarm payrolls report for clues on economic resilience, while Ryan Isherwood, CEO of Significance Capital, cautioned that further hostilities could complicate the interest-rate outlook.
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PressNewsAgencyStocks fall, bond rout deepens as US and Iran trade attacks
Sept 2 : World stocks fell on Wednesday as fresh U.S. airstrikes on Iran pushed oil prices to five-week highs, stoking inflation concerns and extending a global bond selloff. The U.S. struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. assets across the region,
US stock index futures subdued as oil, Treasury yields rise on Iran tensions
Sept 2 (Reuters) - Wall Street futures dipped on Wednesday as bond yields and oil prices marched higher following U.S.-Iran clashes in the Middle East, offering little incentive to buy equities during what has typically been a weak month for returns. ...
Futures Swing As Global Bond Yields Follow Oil Tick For Tick
Futures Swing As Global Bond Yields Follow Oil Tick For Tick US equity futures are lower with Tech underperforming as oil prices / bond yields move higher (although off session highs), both in response to an acceleration in "kinetic hostilities" in the Middle East. As of 8:00am ET, S&P futures are down 0.1%, off session lows, while Nasdaq futures rise 0.4% after Dell shares jumped after the company boosted its annual sales forecast by $25 billio…
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