(Reuters) - Europe's central bank is expected to lift rates to 4
percent on Wednesday, which will put pressure on global bond
yields to rise. An announcement is expected at 7:45 a.m. . Interest-rate jitters sent stocks lower on Tuesday as
higher bond yields pose competition for stocks.
"The higher rate environment is not just domestic. I think
the market will take this and start to focus on inflation as it
gets concerned about how high rates will have to rise," said
Peter Dunay, investment strategist at Leeb Capital Management
New York.
Read more at Reuters.com Bonds News
percent on Wednesday, which will put pressure on global bond
yields to rise. An announcement is expected at 7:45 a.m. . Interest-rate jitters sent stocks lower on Tuesday as
higher bond yields pose competition for stocks.
"The higher rate environment is not just domestic. I think
the market will take this and start to focus on inflation as it
gets concerned about how high rates will have to rise," said
Peter Dunay, investment strategist at Leeb Capital Management
New York.
Read more at Reuters.com Bonds News
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