- Treasury yields rise, lifting dollar, weighing on gold, oil
- Yen at nine-month low as traders eye intervention cues
- MSCI world index at five week low, STOXX down 0.2%
- Payment firm Adyen shares fall 27%
SINGAPORE/LONDON, Aug 17 (Reuters) – The U.S. 10-year Treasury yield on Thursday reached its highest in 10 months, underpinned by fears that U.S. interest rates might stay higher for longer, contributing, along with China’s economic woes, to world stocks languishing at five-week lows.
Benchmark 10-year yields reached 4.312%, testing October’s 4.338%, a break past which would be its highest since 2007.
“The reason behind the rise is the strong data on U.S. domestic demand. The minutes (from the Fed’s July meeting, released Wednesday), feel really dated, they are talking about a gradual slowdown in the U.S. economy, but when you look at the data we are not even in a slowdown,” said Samy Chaar,…
