US Yields Surge, Stocks Stumble: Market Volatility Continues
US Treasury yields reached their highest level since the 2007-2008 global financial crisis, causing a sell-off in Asian and European stocks and driving the dollar to a 10-month high. The rise in yields, along with concerns of a US government shutdown and a bearish steepening of the US yield curve, led to a skittish market mood. Traders are now uncertain about the likelihood of a January Fed rate hike and have pushed the expected start of rate cuts to summer. The dollar's strength against the yen has raised concerns of a potential intervention by Japanese authorities, while gold prices have declined and crude oil remains weak due to fears of reduced fuel demand.
- US yields at 2007 levels crimp stocks, while yen sirens blare Reuters
- Stocks rise as Wall Street halts Fed-fueled hangover: Stock market news today Yahoo Finance
- Stock futures fall as Wall Street gets set to add to September's losses: Live updates CNBC
- 10- and 30-Year Treasury Yields Are at Multi-Year Highs Bloomberg Television
- US 10-Year, 30-Year Yields Hit Decade Highs, Shaking 5 Treasury ETFs - iShares 10-20 Year Treasury Bond E Benzinga
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