- U.S. bond funds witnessed massive outflows in the week to Sept. 28 as investors girded for further rates hikes from the Federal Reserve to control stubborn inflation. The benchmark U.S. Treasury 10-year yields, which move inversely to prices, briefly jumped to 4.019% on Wednesday, the highest since Oct. 2008.
- U.S. bond funds witnessed massive outflows in the week to Sept. 28 as investors girded for further rates hikes from the Federal Reserve to control stubborn inflation. The benchmark U.S. Treasury 10-year yields, which move inversely to prices, briefly jumped to 4.019% on Wednesday, the highest since Oct. 2008.
STOCKS: The benchmark BSE Sensex rose 1,016.96 points, or 1.8%, to 57,426.92, while the broader NSE index gained 276.25 points, or 1.64%, to 17,094.35, led by banks and metal stocks, after the Reserve Bank of India hiked its key policy rate for the fourth straight time to bring down persistently high inflation.
In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their highest levels in more than a decade and stocks reversed a summer rally to plumb fresh depths.
In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their highest levels in more than a decade and stocks reversed a summer rally to plumb fresh depths.
- Global bond and equity funds witnessed massive outflows in the week ended Sept. 28 as worries about a recession grew, with the U.S. Federal Reserve determined to keep interest rates higher to tame inflation pressure. A selloff in British gilts following finance minister Kwasi Kwarteng's announcement of historic tax cuts also shook confidence in bond markets globally.
In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their highest levels in more than a decade and stocks reversed a summer rally to plumb fresh depths.
Global bond and equity funds witnessed massive outflows in the week ended Sept. 28 as worries about a recession grew, with the U.S. Federal Reserve determined to keep interest rates higher to tame inflation pressure. A selloff in British gilts following finance minister Kwasi Kwarteng's announcement of historic tax cuts also shook confidence in bond markets globally.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Elizabeth Howcroft. European stocks were a touch higher on Friday as government bond yields pulled back from recent peaks, but higher-than-expected inflation continued to weigh on markets.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Elizabeth Howcroft. European stocks were a touch higher on Friday as government bond yields pulled back from recent peaks, while investors braced for euro zone inflation data later in the session.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required