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Gilt yields rise again as political unrest rocks Washington
Evening Standard
|October 04, 2023
AMERICAN bond yields rose to levels not seen since 2007 - immediately before the financial crash - as the dollar kept rising and shares suffered.
The realisation that US interest rates will be "higher for longer", as the US Fed has signalled, is hitting shares globally and the pound here. Last night's turmoil in Washington when House of Representatives Speaker Kevin McCarthy was ousted for the first time in US political history added to the febrile mood.
The comparative strength of the American economy is making investors nervous at looking elsewhere. Overnight Hong Kong shares fell again, while fresh US figures showed the jobs market is stronger than expected.
Denne historien er fra October 04, 2023-utgaven av Evening Standard.
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