European Bonds and Stocks Gain on RateCut Bets Markets Wrap Yahoo Finance | Makemetechie.com Summary
- “It’s going to get a lot rockier and a lot more uncertain into the future.”Read Surveillance: Morgan Stanley Sees a Year of Living DangerouslyTreasuries powered ahead with the yield on the policy-sensitive two-year notching a 10 basis point move, the 10-year rate fell to 3.9%..
- British 10-year debt led the global bond rally following data showing a slowdown in UK inflation.Traders also digested data showing US consumer confidence in December rose by the most since early 2021 on Wednesday..
- But we’re in this melt-up period and so oftentimes things can get even sillier before they really do have a pullback.”Jim Caron, portfolio solutions CIO at Morgan Stanley Investment Management, was also cautious looking ahead to the new year..
- “The market is very extended, we do see it being very overbought..
(Bloomberg) European stocks gained and bond yields across the euro region fell on Wednesday as worsening economic data and slowing inflation underscored expectations for interestrate cuts next ye [+5189 chars]