Economics
Treasury Yield Above 3% Dents Demand for Risk Assets
- South and North Korean leaders met for first time in 11 years
- Argentina raises interest rates above 30% to buoy peso
How Does a 10-Year Treasury Yield at 3% Impact Markets?
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Emerging-market assets declined as the U.S. 10-year yield soared above 3 percent and the dollar advanced, sapping demand for riskier assets.
The MSCI Emerging-Market Currency Index fell for a fourth week, the longest losing streak since October. A gauge tracking developing-market stocks retreated 1 percent. The Bloomberg Barclays index for EM local currency government bonds slid 1.2 percent, its biggest loss since December 2016.