Keyword Search: Developed (loose results)
1 Article
Source: Common Domain

Here’s a Change: U.S. Borrowing Costs Among Highest in Developed World

Thursday 16:22 GMT

The power of higher U.S. yields to shift markets is evident in things that haven’t happened in nearly two decades

The last time Australian and U.S. yields crossed, the greenback was rising; now it is falling even as U.S. assets should appear more attractive thanks to higher yields. The benign explanation is that better-than-expected growth outside the U.S. has buoyed other currencies against the dollar: U.S. investors are looking for opportunities globally rather than domestically.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte