(Reuters) - NEW YORK, June 7 - U.S. Treasury debt prices
collapsed on Thursday as benchmark yields posted their largest
one-day spike in three years, spurred by fears of tighter
monetary policy worldwide.
The market plunge was initiated by an unlikely source, New
Zealand, whose central bank unexpectedly raised rates a day
after the European Central Bank hiked rates to curb inflation.
Read more at Reuters.com Bonds News
collapsed on Thursday as benchmark yields posted their largest
one-day spike in three years, spurred by fears of tighter
monetary policy worldwide.
The market plunge was initiated by an unlikely source, New
Zealand, whose central bank unexpectedly raised rates a day
after the European Central Bank hiked rates to curb inflation.
Read more at Reuters.com Bonds News
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