Inflation in America continues to put pressure on the Federal Reserve and equities (Al-Araby Al-Jadeed)
US Treasury yields continued to hit levels not seen in years, maintaining pressure on bonds, the second consecutive day of declines, and if it remains To hope In making a raise just one day before the end of the week.
And with the continued rise oil priceswhich the investor in America sees as a sign of continued high inflation, and therefore of greater pressure on the Federal Reserveincrease interestInvestors bought 10-year benchmark bonds with yields above 4.23% for the first time since 2008, the height of the global financial crisis.
The high yields caused equity indices to drop, with the S&P 500 losing 0.8% of its value, the Nasdaq index falling 0.61%, while the Dow Jones Industrial Average fell only 0, 30% during trading on Thursdays.
Despite US President Joe Biden’s decision on Tuesday to withdraw 15 million barrels from the country’s strategic oil reserves, world oil prices continued to rise, more than 2% during today’s trading, before falling towards the end, stable at $ 92.38 a barrel of Brent crude and $ 85 98 a barrel of US West Texas crude.
High yields also strengthened the greenback, surpassing its price of 150 yen for the first time in 32 years, while the pound made up for some of its losses following the announcement of the resignation of Prime Minister Liz Terrace, reaching 1.1235. against the dollar, while the euro remained stable below the 98 cent level.
