Investors will look to a slew of central bank policymakers speaking on Tuesday for further signs of the timing of rate hikes to beat inflation
London — Global shares recovered on Tuesday on optimism about an easing of China’s crackdowns on tech and Covid-19, but concerns about rising prices and slowing growth worldwide set a nervy tone elsewhere in markets.
“Headlines are focused on higher inflation pressures either directly stemming from the Ukraine conflict, or supply chain shortages partly coming out of the lockdowns in China,” he said. The yield on benchmark 10-year treasury notes rose to 2.9185% compared with its Monday US close of 2.879%, while two-year yields, which rise with traders’ expectations of higher Fed fund rates, edged up to 2.6195%.
Turkey’s lira fell 2%, its biggest drop since January, as concerns about a global recession fuel selling pressure on the currency.
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