macro
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To judge by a key bond-market signal, the AI boom is only worsening Kevin Warsh’s inflation problem.
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Wall St ends lower as inflation worries push up yields Reuters
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Gold steadies as high Treasury yields offset Mideast peace hopes Reuters
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Rupee hits record low near 97/USD on oil, US Treasury yield strain Reuters
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India’s treasury bill yields surged at a weekly auction, signaling fixed-income traders are starting to price in potential interest-rate hikes by the central bank.
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Emmanuel Macron’s nominee to run the Bank of France was confirmed by parliament, avoiding a political setback for the president and relieving uncertainty for the European Central Bank as it weighs interest-rate increases.
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Wall St ends lower as inflation worries push up yields Reuters
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Gold falls to 1-1/2-month low on higher US yields, firm dollar Reuters
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Indian shares drop as global bond yields jump on Iran uncertainty Reuters
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Indonesia’s central bank delivered a larger-than-expected interest-rate increase to intensify its defense of the rupiah after the currency tumbled to successive record lows this month.