GLOBAL ECONOMY: DEBT IS BACK IN FOCUS
The beginning of the fourth quarter combines high bond yields, doubts about growth and central bank decisions.
Reuters described a new wave of selling in global bonds at the beginning of October. Sovereign yields rose and the 10-year US Treasury hit levels not seen in decades, according to the report. Higher yields can raise the cost of financing for governments, businesses and households.
In parallel, US employment data released on Friday was weaker than expected. Stocks advanced that day, as investors adjusted their expectations about the Federal Reserve. Daily movements do not establish a trend by themselves.
Energy, inflation, investment demand and monetary policy intersect in the price of credit. A rise in yields can affect valuations, mortgages and investment plans, although the impact depends on the term and currency.
The next signal: publications of inflation, employment and business results. The market figures on this page correspond to the closing quoted by Reuters and are not real-time quotes.