Government debt yields plunged globally overnight as mounting financial-stability concerns prompted bond traders to abandon bets on additional central-bank rate hikes and begin pricing in cuts by the Federal Reserve.
A weeklong rout in bank shares globally has unleashed historic demand for government debt and other havens. Longer-maturity yields also tumbled, with the US 10-year falling as much as 31 basis points to 3.38 per cent, approaching its January low, and German 30-year yields falling the most ever. US yields were off their lows in late trading, down 13 to 32 basis points on the day.
The Bank of England is newly seen holding pat next week, and a quarter-point hike by the European Central Bank at its meeting tomorrow is favoured, down from a half-point last week.
fightclub moment incoming
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse warns of ‘material weaknesses’ in financial reportingSwiss bank’s shares fall as annual report reveals another blow to its bid to recover from string of scandals
Source: GuardianAus - 🏆 1. / 98 Read more »
Credit Suisse shares fall to record low as top investor rules out more fundingSaudi National Bank says it cannot stump up more cash because of regulatory restrictions
Source: GuardianAus - 🏆 1. / 98 Read more »
Credit Suisse shares close near record low, sparking fears from investorsCredit Suisse shares close down more than 24 per cent, stoking fears of another bank collapse following the closing down of Silicon Valley Bank in the United States. And some this chain reaction is perfect ingredient for WW3 how much of a crash is needed. Many government's have much to hide a good way to avoid accountability. the contagion spreads...
Source: abcnews - 🏆 5. / 83 Read more »
Australian share market to see a ‘sea of red’ after Credit Suisse suffer financial irregularitiesCommSec’s Ryan Felsman says it’s likely to be a “sea of red” on the Australian share market on Thursday after Credit Suisse reported financial irregularities. “There has been reports of financial irregularities at the bank,” he told Sky News Australia. “Also, at the same time, we have seen outflows from customers. “And then on top of that, its largest lender … the Saudi National Bank has come out and said it won’t provide any finance or liquidity for the bank because of regulatory concerns.” Presented by CommSec.
Source: SkyNewsAust - 🏆 7. / 78 Read more »