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Bond markets showed higher yields amid recent inflation readings. Equity markets continued to focus on artificial intelligence-related gains. Reuters reported on the divergence in asset performance.
marketwatch.comBond yields increased as recent inflation readings showed higher prices. Market participants noted the shift in fixed-income pricing.
Equity indexes advanced on continued interest in artificial intelligence companies. Trading volumes remained elevated in technology-related shares. The divergence between bond and stock performance occurred during the same session. Reuters reported the pattern in its market summary.
Fixed-income investors adjusted positions following the inflation data release. No specific policy announcements accompanied the price moves.
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Iran directed Yemen's Houthi movement to stand ready to close the Bab el-Mandeb strait if the United States attacks its power network. The order follows recent U.S. strikes and Iran's closure of the Strait of Hormuz. Shipping routes face added risk.
forbes.comThe average 30-year fixed mortgage rate increased to 6.55 percent this week from 6.49 percent last week, Freddie Mac reported Thursday. The 15-year rate also rose, while the 10-year Treasury yield reached 4.57 percent.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.