Global Bond Yields Rise as Fed Rate Hikes Expected
Global bond yields rose and Asian shares fell as markets priced in a likely Federal Reserve rate hike. The shift followed hawkish remarks from Fed chief Kevin Warsh.
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Global bond yields surged on Tuesday following a hawkish Federal Reserve signal, with the United States benchmark 10-year borrowing rate reaching its highest level since January last year. The shift rippled through international markets, lifting government debt yields across major economies. Futures markets now price a two-thirds probability of a rate rise when the Fed meets later this month.
