"Inflation Concerns Rock Stock Market: April 11 Updates and Impact on 70-Year-Old Worker"

1 min read
Source: Bloomberg
"Inflation Concerns Rock Stock Market: April 11 Updates and Impact on 70-Year-Old Worker"
Photo: Bloomberg
TL;DR Summary

Bonds in Asia fell sharply as higher-than-expected US inflation suggested the Federal Reserve may not cut interest rates soon, causing benchmark 10-year yields in Australia, New Zealand, and Japan to rise. US Treasuries recovered slightly after a selloff lifted the 10-year yield above 4.5% for the first time in five months.

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