Premarket: Bond yields pause near recent peak, stocks steady ahead of Nvidia results
Stock markets remained steady as bond yields stabilized near multi-year highs, influenced by inflation concerns. The benchmark 10-year U.S. Treasury yield reached a 16-month high, while European and Japanese bonds also saw yield increases. Investors are cautious ahead of Nvidia's earnings report, with expectations for significant revenue growth amidst ongoing geopolitical tensions.
- ▪The 10-year U.S. Treasury yield hit a 16-month high of 4.687 percent, while the 30-year yield climbed to 5.198 percent.
- ▪Germany's 10-year yield fell to 3.17 percent, providing some support to European shares, which rose by 0.2 percent.
- ▪Nvidia is expected to report a nearly 80 percent revenue increase, with analysts forecasting earnings of about $79 billion.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountStock markets paused on Wednesday as bond yields steadied just below multi-year highs amid war-driven inflation fears, though yields remain high enough to cloud the outlook for Nvidia’s results due later in the day.The benchmark 10-year U.S. Treasury yield hit a 16-month high of 4.687 per cent overnight, while the 30-year yield climbed to 5.198 per cent, levels last seen in 2007. Both have since eased slightly to 4.65 per cent and 5.17 per cent respectively.Longer-dated bonds have also sold off in Europe and Japan, pushing yields close to multi-year highs as investors brace for higher energy prices - driven by the effective closure of the Strait of Hormuz - to feed into broader inflation and force central…
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