Traders work on the floor of the New York Stock Exchange.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Global equities jumped and the yen slumped against the dollar after the Bank of Japan stunned markets by introducing negative interest rates, while hopes the U.S. Federal Reserve will slow the pace of future rate hikes also underpinned stock gains.The yield on benchmark 10-year Japanese government bonds plunged to a record low of 0.09 percent, and the yen fell 2.32 percent to 121.57, on track for its biggest daily fall against the dollar in over a year.U.S. Treasury yields fell to four-month lows.Germany's 10-year Bund yield fell 6.5 basis points to 0.26 percent, its lowest level since late April 2015 .Benchmark 10-year notes were last up 17/32 in price, pushing their yield down to 1.9244 percent after earlier sliding to 1.91 percent, the lowest since Oct. 2 .
FOLLOW THIS ARTICLE