The Texas state Senate approved a bill on Monday to cut about $5.1 billion in disputed electricity and service fees levied on power marketers during a winter freeze that sent the state's power market into financial crisis.
Emerging market stocks started what promises to be an action-packed week on the back foot on Monday, while currencies were helped by narrowing gains in the dollar, with rising oil prices lifting the Russian rouble and Mexico's peso.
The Bank of England's interest-rate setters are discussing this week whether the prospects for Britain's economy are strong enough to justify bets by investors that have pushed borrowing up costs in financial markets.
It's a year since COVID-19 mayhem sent the S&P 500 index reeling 12% for its second-worst day ever, yet the bull market born from that selloff has in the subsequent 12 months added more than $40 trillion to the value of world stocks.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices)
LONDON, March 15 (Reuters) - Europe’s government bond yields were lower on Monday, tracking moves in U.S. Treasury yields ahead of a U.S. Federal Reserve meeting on Wednesday.
Rising bond yields have spooked markets so far in 2021, with market participants worried that an economic recovery from the pandemic and fiscal stimulus could cause a spike in inflation due to pent-up consumer demand when lockdowns end.
Rising inflation could hurt bond prices as it may spur the European Central Bank to dial back its monetary stimulus.
U.S. Treasury yields were close to a 13-month peak on Monday, pushed higher by bets that economic growth in the United States will accelerate after President Joe Biden’s $1.9 trillion stimulus bill got its final approval last week.