2024-06-12 08:06:56 +0300
Inflation Thunderbolt Primes Stocks, Bonds for More Volatility
Bloomberg
By Sunil JagtianiStocks and bonds face more pain when markets open in Asia on Monday following a shock US inflation print that heaped pressure on the Federal Reserve to intensify monetary tightening.
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Equity futures indicate declines in Japan and Hong Kong after the worst drop in global stocks last week since October 2020. Asian sovereign bonds are set to slide in the slipstream of a Treasuries slump that propelled the US two-year yield to the highest in 14 years.
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