debt rout: The debt rout was led by gilts as data showing faster-than-estimated U.K. economic growth left traders betting on virtually no chance the Bank of England will cut interest rates through the end of 2017, according to Bloomberg. Treasury yields jumped to the highest since May and the greenback rose against most major counterparts amid bets on a Federal Reserve hike in December. Oil climbed with the dollar. Stocks fell on mixed earnings, while Amazon.com Inc. plunged in extended trading after projecting sales that may miss analysts' estimates. Traders sent bonds toward their worst monthly slide since 2014 on speculation the global economy is becoming strong enough to withstand a shift away from ultra-easy policies. Oil approached $50 a barrel.
(news.financializer.com). As
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Tagged under debt rout, treasury yields topics.