CORRECTED-GLOBAL MARKETS-Stocks touch new highs as volatility eases, dollar gains
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic. Yields on U.S. Treasury debt fell to their lowest in more than a month, while euro zone bond yields nudged down with markets in a wait-and-see mood ahead of a European Central Bank policy meeting and U.S. inflation data, both due on Thursday. The 10-year U.S. Treasury note fell 3.4 basis points to 1.5364%, suggesting bond investors do not see a spike in inflation despite nagging jitters over the Federal Reserve's insistence a likely jump in consumer prices will be transient.
Published:6/9/2021 12:03:05 PM