Bonds lead losses as rate hike looms; yen in focus

Overnight, the Wall Street Index fell and longer-dated Treasuries were sold – sending – The annual output is about basis points to 3.10% – as traders try to adjust to the prospect of US interest rates above 4% for some time.

“This-years are catching up to the newly calibrated cash rate,” said Damien McCollough, head of rates strategy at Westpac in Sydney. ” If you believe the front end will peak at 4.% Can you really hold on to it – The annual bond yield is 3.%?” He says. “It’s very sensitive to price action…I think this kind of volatility in the short term (until) the rate market stabilizes in all markets continue. “2111 Standard & Poor’s 26 Futures rose 0.1% in early Asian trade, while European futures rose 0.4%. put one’s oar in rates almost everywhere in the world All are rising sharply, with rate hikers this week including the UK, Sweden, Switzerland and Norway – driving a massive sell-off in European bond markets, especially gilts. [GB/] But the outlook for the Fed overshadows the outlook for money markets as safe flows and higher yields both help the dollar, while the energy crisis and The war pushes the euro down on the doorstep. Preliminary manufacturing surveys in Europe and Britain’s new finance minister announcing his “growth plan” highlighted the day ahead. EUR ends up being $0. 1226, compared to Thursday’s – Annual trough is $0. 671 – although all eyes are on the yen. Japan did not disclose the size or details of its yen purchases, but USD/JPY fell in late Asian and London trade on Thursday With two big feet, another risk may be enough to scare off speculators for a while.

“It changes the market dynamics in terms of risk-reward for short-term players,” said UBS strategist James Malcolm. AUD and NZD hover near their lowest levels since mid-term 70, and1998 AUD The latest price is USD 0. 500and2111 Kiwi

$0.85. [AUD/] Sterling fell to its lowest level in nearly four years at $1. 178. [GBP/] 8839 Chinese Yuan , in 7. 85 The dollar was near its weakest level in more than two years against the greenback in offshore trade Friday, just one step away from an all-time low. [CNY/]

In commodity markets, oil edged lower on a weekly basis as interest rate hikes sparked demand concerns. 1226 Brent Crude Oil futures hovering at $23. Friday in Asia. [or] Gold without income, like America The same suffered a loss and the yield rose and ended up flat at $1, 178 one ounce. 1000 Bitcoin has also been hit hard in the flight from risk assets and remains in $,25. 1998