Treasury yields climb, stocks slide as risk appetite fades
Treasury yields hit multi-year highs, dragging stocks and gold lower while the dollar gains.
Treasury yields hit multi-year highs, dragging stocks and gold lower while the dollar gains.
Bitcoin remains 32% below its record after last year's October 10 crash, while diesel prices pose a new threat.
Crude oil rebounded after supply risks from Houthi attacks and a Gulf storm outweighed improving exports.
Gold consolidates near lows as traders await US-Iran talks and US CPI data. Key technical levels are 3,885 support and 4,700 resistance.
Bitcoin briefly fell below $84,000 as investors awaited FOMC minutes and oil price rises added inflation concerns.
European stocks opened lower as oil prices and bond yields weighed on risk appetite.
Oil rises on Saudi-Houthi attacks and Gulf storm; gold dips; FOMC minutes due.
Houthis claim drone and missile strikes on three Saudi sites, including Riyadh airport; no confirmation from Saudi authorities yet.
The RBI is expected to raise the repo rate by 25bp to 5.50% today, though MUFG forecasts a hold. Decision at 10:00 am IST.
RBI is expected to hold the repo rate at 5.25% today, but MUFG sees this as temporary and forecasts hikes in December and February.
A Gulf of Mexico storm threatens US oil facilities, adding to Houthi attacks and Iran tensions, keeping Brent crude near $100.
Two veteran bond bears now recommend long US Treasuries as yields top 5%, despite record losses.
Goldman Sachs believes the recent US Treasury selloff may be overdone, citing five drivers, but says a rally may require lower energy prices or weakerβ¦
Russia plans to buy about 280 billion rubles of gold and foreign currency over the next month, five times September's allocation, due to high oil prices.
Analysts expect a crude build but API data showed a draw. Key inventory terms explained ahead of Wednesday's EIA report.