The 30-year Treasury yield climbed to 5.31%, its highest level since 2007, as investors continued to demand more compensation for holding long-term U.S. debt.
US producer prices were unchanged in July, falling short of the 0.2% increase economists had expected.
U.S. Treasury yields were little changed on Tuesday as investors awaited fresh inflation data and monitored developments in the Middle East.
Asian technology stocks fell Thursday as investors took profits in major AI-related names after a pullback in U.S. tech shares overnight.
Jeff Bezos plans to sell 15 million Amazon shares worth about $4.1 billion after the company’s stock surged to a record high following stronger-than-expected quarterly results.
Federal Reserve Chair Kevin Warsh is facing early questions over his inflation-fighting credibility after the Fed left interest rates unchanged at its July meeting.
Treasury yields edged lower on Tuesday as investors positioned ahead of the Federal Reserve’s rate decision, while falling oil prices eased concerns over renewed inflation pressure.
European defense stocks moved higher on Thursday after several major contractors reported strong first-half results.
JPMorgan CEO Jamie Dimon says investors may not be fully accounting for the risks building across the global economy.
U.S. Treasury yields moved higher on Thursday as rising oil prices and renewed geopolitical concerns pushed investors to reassess inflation risks and the outlook for Federal Reserve policy.