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US Treasury yields continue to rise, boosted by the latest interest rate hike expectations. Treasury yields rose to 3.799% from the previous daily close at 3.575%.
A report issued Thursday by the Economist’s Research and Analysis Unit said that the institution “expects further rate hikes by the Fed in November and December, despite the increased risk of continuing to raise interest rates at a faster pace than we expect.”
“As long as the Fed continues to send signals confirming its support for the trend towards further interest rate hikes in order to combat inflation that continues to rise strongly, the currencies of emerging economies will continue to show more losses.”
The report expected that the pressure on global currencies as well as the currencies of emerging economies would increase as the Fed’s policymakers focused on the possibility of continuing to raise interest rates in the upcoming months.
