Sticky inflation and fiscal risk behind bond yield climb, says Fidelity's Timmer
Fidelity's Timmer says sticky inflation and fiscal risk drove bond yields up, though yields eased last week.
Fed Chair Warsh speaks at IMF meetings on Friday; other central bankers also on Asia calendar.
Federal Reserve Bank of Cleveland President and CEO Beth Hammack is set to appear shortly. Earlier in the week, Hammack made these remarks:
Later in the session, Bailey, Nagel, Warsh, and Macklem are also scheduled. Previews will follow; for now, the upcoming event is:
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Fidelity's Timmer says sticky inflation and fiscal risk drove bond yields up, though yields eased last week.
Australia's private sector shrank in October for the first time in five months, with input costs rising at the fastest pace since May.
ECB's Panetta warns rising yields weigh on euro zone growth rather than cause a crisis, with French and Italian debt most exposed.
Japan's September core CPI forecast at 2.1%, above BoJ target for first time since December, supporting a December rate hike.