RISK MARKETS THROTTLED BY GLOBAL BOND YIELD SURGE
RISK MARKETS THROTTLED BY GLOBAL BOND YIELD SURGE
S&P 500 falls 1.1% and Nasdaq Composite drops nearly 1.9% as economic updates raise investor concerns.
10-year Treasury yield surges 7 basis points, nearing 4.7%, signaling concerns over Fed interest rate trajectory.
ISM manufacturing PMI reports sector growth but a sharp rise in the prices paid index heightens inflation concerns.
Job openings increased in November, signaling a tight labor market with a jobs-to-jobless ratio at a 5-month peak of 1.13.
Investors bet against rate cuts this month, with odds for a rate cut before June falling below 50%, amid persistent inflation and a resilient job market.
