Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #police - Government borrowing costs across developed economies saw their biggest jumps in months in April, evidence that bond markets are not yet out of the woods when it comes to inflation and the threat of higher-for-longer than expected interest rates.
"Until the data turns, investors are going to want a little bit of extra compensation to own government bonds," he said. While the repricing of Fed rate cut expectations prompted much of those moves, investors have also reacted to data this month showing British inflation and wage growth slowed less than expected. Dovish, followed by hawkish BoE policymaker commentary also moved expectations.
Data on Tuesday showed inflation at 2.4% in April, as expected. The closely-watched services measure slowed for the first time in months, though core inflation dropped less than expected."The data coming in is questioning how many rate cuts are needed after the June cut," Christiansen said.
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