CANBERRA, March 4 (Reuters) - U.S. soybean futures edged higher on Thursday, as rains were expected to slow harvesting across Brazil, stoking worries about short-term supply crunch of the oilseed.FUNDAMENTALS The most active soybean futures on the Chicago Board Of Trade were up 0.5% to $14.14-1/4 a bushel by 0218 GMT, having closed down 0.4% on Wednesday. The most active corn futures were up 0.3% to $5.37 a bushel, having closed down 1.8% in the previous session.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices)
AMSTERDAM, March 4 (Reuters) - Euro zone bond yields dipped on Thursday after a global bond sell-off a day earlier that spooked markets, as market attention turned to a speech from Federal Reserve Chairman Jerome Powell due later in the day.
Bets that U.S. stimulus would boost inflation and growth pushed government bonds worldwide to their worst performance in years in February. Central banks so far have appeared relatively sanguine about the rise in bond yields.
Yields are down from their highs this week, but pressure remains. U.S. Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
Graphic: World FX rates https://tmsnrt.rs/2RBWI5E Treasury market regains calm, yields support dollar Safe-harbour yen and Swiss franc fall against greenback Powell comments could set the tone for global markets By Stanley White TOKYO, March 4 (Reuters) - The dollar.
U.S. equity tumbled Thursday after Federal Reserve Chairman Jerome Powell suggested the central bank would be patient in taking action should inflation return.
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NEW YORK (Reuters) - The dollar surged to three-month highs on Thursday after Federal Reserve Chairman Jerome Powell failed to express concern about a recent sell-off in U.S. Treasuries as some traders had expected, resulting in higher bond yields and demand for the greenback.
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Powell set aside concern that a recent move up in U.S. Treasury yields might spell trouble for the Fed as investors push up borrowing costs the central bank wants to keep low.
While Powell said the increase was “notable and caught my attention,” he did not consider it a “disorderly” move, or one that pushed long-term rates so high the Fed might have to intervene in markets more forcefully to bring them down, such as by increasing its $120 billion in monthly bond purchases.