U.S. 10-Year Yield Heads for Biggest Monthly Rise in over a Year

U.S. Treasury 10-year yields were on course for their biggest monthly increase in more than a year on Wednesday as investors built up bets that the Federal Reserve will raise interest rates before the year is out.

The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen.

An increase in market-based rates and a firm dollar initially kept a lid on world stocks, but Europe hit a two-week peak, following a 1 percent rally in Japan’s Nikkei 225, driven by the weak yen.

Reuters

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US Finance Concept - American Flag Dollar Symbol Under Magnifying Glass - 3D Illustration

U.S. 10-Year Yield Heads for Biggest Monthly Rise in over a Year

U.S. Treasury 10-year yields were on course for their biggest monthly increase in more than a year on Wednesday as investors built up bets that the Federal Reserve will raise interest rates before the year is out.

The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen.

An increase in market-based rates and a firm dollar initially kept a lid on world stocks, but Europe hit a two-week peak, following a 1 percent rally in Japan’s Nikkei 225, driven by the weak yen.

Reuters

ADP Data Eyed Ahead of Huge Jobs Report

Dollar Grinds Higher Looking For Fundamental Support

Rate Hike Fever Continues to Grip Markets

US Finance Concept - American Flag Dollar Symbol Under Magnifying Glass - 3D Illustration

U.S. 10-Year Yield Heads for Biggest Monthly Rise in over a Year

U.S. Treasury 10-year yields were on course for their biggest monthly increase in more than a year on Wednesday as investors built up bets that the Federal Reserve will raise interest rates before the year is out.

The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen.

An increase in market-based rates and a firm dollar initially kept a lid on world stocks, but Europe hit a two-week peak, following a 1 percent rally in Japan’s Nikkei 225, driven by the weak yen.

Reuters

ADP Data Eyed Ahead of Huge Jobs Report

Dollar Grinds Higher Looking For Fundamental Support

Rate Hike Fever Continues to Grip Markets

US Finance Concept - American Flag Dollar Symbol Under Magnifying Glass - 3D Illustration