Euro zone bond yields climb as central banks talk tough on rates
Thursday, 9 November 2023 Euro zone government bond yields increased as central bankers expressed skepticism about market expectations of interest rate cuts in 2024. The 10-year bond yield in Germany, the bloc's benchmark, rose to 2.647%, up from a two-month low of 2.606%. European bond yields have fallen recently due to a drop in US counterparts and weak economic data. ECB Vice President Luis De Guindos stated that it was premature to discuss rate cuts. Traders are betting on a 90 bps rate cut by the ECB by the end of 2022.
The bond market's volatility threatens to plunge the economy into chaos, far beyond the fears of a mere recession. As interest rates are driven up by bond vigilantes, we're teetering on the brink of a full-scale depression that will hit banks, the stock market, and the housing...
US Job Market , Stayed Strong In September , Despite Fed's Rate Hikes.
In September, employers posted 9.6 million
job openings, an indicator that America's
job market remains strong. .
ABC reports..
Credit: Wibbitz Top Stories Duration: 01:31Published
Thursday, 9 November 2023
![US Job Market Stayed Strong In September Despite Fed's Rate Hikes [Video]](https://video.newsserve.net/300/v/20231101/1359986416-US-Job-Market-Stayed-Strong-In-September-Despite.jpg)
