Benchmark 10-year Treasury yield briefly trades above 4% as China’s financial rebound provides to inflation pressures

U.S. bond yields moved increased on Wednesday on issues that China’s post-COVID financial restoration might create extra difficulties for central banks of their battle towards inflation and end in even increased rates of interest. Meanwhile, the unfold between 2- and 10-year Treasury yields inverted extra deeply, to nearly minus 90 foundation factors, in the course of the New York morning and headed for its most unfavourable studying since October 1981.

What’s occurring

What’s driving markets

News that China’s manufacturing sector is increasing…