Writing the summary…
Treasury yields continue to rise after 10-year hit 19-year high as investors ramp-up rate hike bets
Source: CNBC
Original reporting
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More is being paid out by advanced economies in debt interest than the whole world spends on AI, defense or clean technology.
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Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
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Global bond sell-off deepens amid fears US economy may be running too hot – business live
Rolling coverage of the latest economic and financial news There is a danger that government bonds go into “a critical chain reaction”, warns analyst Bill Blain in his daily Morning Porridge newsletter. In that scenario, rising bond yields raise government’s refinancing costs, leading to increasing deficits. That pushes up the refinancing risks and leads to a higher supply of bonds on the market, which pushes up yields further. After years of low rates, cheap money, inflated expectations, and speculation, the whole edifice of modern markets are vulnerable to a corrective reset. It could shake every financial asset from AI to Zero Coupon Bonds. Brent crude oil is up close to 6% from the lows yesterday. The speech by President Pezeshkian of Iran at the UN yesterday did not suggest prospects for imminent peace were good. There has also been a notable pick-up in reports that the US administr
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Oil prices rise as investors seek progress on U.S.-Iran talks
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Tehran criticizes Canada for not condemning Trump's threat to destroy Iran
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Judge lifts Trump ban on CNN, MS NOW, Politico from White House
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban that the president had announced on Sept. 18.