💨 Abstract

A global bond selloff continued on Wednesday, boosting the U.S. dollar and hurting stocks, as strong U.S. economic data limited the prospects of further interest rate cuts. The benchmark 10-year U.S. Treasury yield rose to its highest since April 2024, with investors scaling back their expectations for Fed rate cuts this year. European shares and government bond yields also surged.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖