Australian and New Zealand Dollars Hold Near Peaks as Bond Yields Surge
The Australian and New Zealand dollars stayed near multi-month peaks as rising bond yields strengthened rate-hike expectations despite weaker growth.
Trusted Insights. Asian Perspective.
The Australian and New Zealand dollars stayed near multi-month peaks as rising bond yields strengthened rate-hike expectations despite weaker growth.
Bond yields climbed as oil jumped more than 2%, reviving inflation and rate-hike concerns while global equities weakened across major markets.
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A global bond sell-off pushed US, European and Japanese yields to multi-year highs as oil, borrowing and investment demand competed for capital.