'Peace-Off, Peace-On' Headline Roulette Leaves Oil & The Dollar Down; Stocks, Bonds, & Bullion Bid
ZeroHedge·- Reports of a peace deal breakthrough provided a temporary lift to markets despite ongoing conflict and increased attacks. - Oil prices decreased, resulting in lower bond yields and supporting stock gains, while rate-cut expectations declined. - The dollar weakened as traders shifted back into precious metals, with the market's overall reaction to the news being relatively subdued.UK and US long-term yields hit multi-decade highs amid inflation fears
MSN·- UK long-dated borrowing costs reached their highest levels since 1998, and US 30-year Treasury yields exceeded 5% due to inflation and fiscal concerns. - The increase in yields raises borrowing costs for governments, businesses, and households, which could slow economic growth and heighten financial risks. - Oil price surges from the Middle East conflict are exacerbating inflation, leading central banks to approach rate cuts with increased caution.