Global Markets: Bond yields rise worldwide on stimulus concerns; earnings loom
Updated : July 24, 2018 03:07 PM IST
Bond yields climbed as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from US President Donald Trump and after a Reuters report that the Bank of Japan (BoJ) was discussing modifying its huge stimulus program sent Japan's 10-year bond yield to a six-month high.
The dollar index rose 0.14 percent off two-week lows it hit after Trump criticized the Federal Reserve's rate hikes and accused the European Union and China of manipulating their currencies.
Short-end yields are influenced by US monetary policy, and longer-term government bonds are driven by more by inflation and growth expectations.
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