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Yield curve steepens as Germany's 10-year yield hits highest since March

The stronger-than-expected ADP national employment report fuelled expectations that the Federal Reserve and other major central banks may be more aggressive in tightening policy as they attempt to bring inflation back towards target. That triggered a global bond selloff, analysts said, with the U.S. 10-year Treasury yield jumping as much as 13 basis points (bps) and Germany's rising 15 bps, its biggest daily increase since the banking turmoil in March.
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EMERGING MARKETS-Currencies fall against dollar, Sri Lanka plans new debt restructuring

Most emerging market currencies weakened on Thursday as the dollar gained on the back of hawkish comments by major central bankers, while Sri Lanka's sovereign dollar bonds rose after the government made its latest debt restructuring pitch. The greenback strengthened to a seven-month high against the Japanese yen after U.S. Federal Reserve Chair Jerome Powell, speaking on a panel with ECB President Christine Lagarde, Bank of Japan (BOJ) Governor Kazuo Ueda and Bank of England Governor Andre...
South Africa Sri Lanka Christine Lagarde Mohit Kumar Jerome Powell Andrew Bailey

ECB Officials Gather in Sintra Amid Strain Over Hiking Journey's Last Mile

(Bloomberg) -- European Central Bank officials sparring over when to conclude their historic bout of interest-rate increases will get vital face time to smooth out any differences at their annual retreat this week.Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesPutin Faces Historic Threat to Absolute Grip on Power in RussiaThe Wagner Muti
United Kingdom Christine Lagarde Mohit Kumar Jerome Powell Joachim Nagel Bloomberg Businessweek
Source: yahoo.com

5 False Weather Myths That Will Get You Into Trouble Every Time

When it comes to weather, and specifically extreme weather, making the wrong decision in real-time can come back to bite you, even turn you into a statistic if you're not careful. Here are some of the most popular summer weather myths you should absolutely avoid.
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