Bond Yields Buoyed Around Globe as Fed Rate-Boost Odds Beat 50%
- Fed Chair Yellen says higher rates still a possibility in 2015
- Index of global sovereign debt has fallen this month
Killer Chart: Why a Dec. Rate Hike Is a Real Possibility
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Global bond yields climbed to a seven-week high after Federal Reserve Chair Janet Yellen said a U.S. interest-rate increase remains a possibility for 2015.
Her comments Wednesday left the odds of the Fed tightening policy by its December meeting hovering around 54 percent, while the yield on the Bloomberg Global Developed Sovereign Bond Index climbed to the highest since Sept. 16. Traders now have their eyes on the October payroll report, to be released on Friday, after the Labor Department reported Thursday that the number of Americans filing for unemployment benefits climbed to the highest level in five weeks.