The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields hit highest in nearly three months. * Nike (NKE) shares drop after lower sales forecast. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields at highest in nearly three months. * Dollar index on track for 3rd week of gains. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
* Wall Street mixed in early trade after Europe markets sag. * U.S. Treasury yields at highest in nearly three months. * Dollar index on track for 3rd week of gains. * Oil prices set for weekly increase. By Lewis Krauskopf and Tommy Wilkes.
* European shares head lower, U.S. set to open weaker. * Asian shares down for the week but global markets higher. * China Evergrande (EGRNF) misses interest payment due Thursday. * U.S. Treasury yields at highest in nearly three months. By Tommy Wilkes and Anushka Trivedi.
The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande
Group (EGRNF). The yen fell to its weakest since mid-August as Treasury yields pushed to the highest since the start of July.
A rise in euro zone government bond yields continued on Friday, with Germany's benchmark yield hitting its highest since early July, carrying on Thursday's sell-off after a series of hawkish signals from major central banks.
* European shares head lower, U.S. set to open weaker. * Asian shares down for the week but global markets higher. * China Evergrande (EGRNF) misses interest payment due Thursday. * U.S. Treasury yields at highest in nearly three months. By Tommy Wilkes, Alun John and Anushka Trivedi.
Benchmark 10-year U.S. Treasury yields edged up on Friday to hover near their highest levels in over 2-1/2 months in a sign of investor unease that major central banks are moving towards tightening monetary policy.
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