Nov
14

Selloff in Bonds, Emerging-Market Assets Deepens as Dollar Gains

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  • Record $1.2 trillion was wiped off world debt values last week
  • Japanese index futures rise as other Asian contracts retreat

Routs in bonds and emerging-market assets intensified, while the dollar continued to strengthen as investors positioned for the wave of U.S. fiscal stimulus that President-elect Donald Trump has pledged to unleash.

Yields on 30-year Treasuries rose to the highest level since January, with last week’s record debt selloff bleeding into Monday amid losses from Asia to Europe. The Bloomberg Dollar Spot Index climbed to a nine-month high, with the greenback gaining against most major peers. U.S. stocks took a breather as a gauge of shares in developing nations sank to a four-month low. Copper climbed with nickel, while crude oil fell with gold…

Selloff in Bonds, Emerging-Market Assets Deepens as Dollar Gains

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