Bonds Advance as Oil Slide Pushes 10-Year Yields Down 4 Basis Points
Updated
Updated · Bloomberg · Jun 17
Bonds Advance as Oil Slide Pushes 10-Year Yields Down 4 Basis Points
3 articles · Updated · Bloomberg · Jun 17
Summary
Australian and Japanese 10-year yields fell about 4 basis points, while comparable Treasuries edged lower near a one-month low ahead of the Federal Reserve decision.
Oil’s sharp recent slide eased fears of a fresh inflation shock, supporting bonds and lifting S&P 500 futures.
Asian stocks were little changed after a three-day rally, showing a more muted response than rates markets.
US risk sentiment remained fragile after Tuesday’s semiconductor pullback drove the Nasdaq 100 down almost 2%, even as lower oil prices improved the inflation backdrop.