UK and Europe's borrowing costs slide after central banks hold rates
Publishing timestamp: 2023-11-02 11:29:21
Summary
The Bank of England's decision to hold interest rates steady, along with the perceived dovish stance of the Federal Reserve, led to lower government bond yields in the UK and Europe. Bond prices rallied as investors disregarded comments about potential rate hikes. The global markets are closely following the actions and statements of the Federal Reserve. U.S. Treasury yields also fell as investors digested the Fed's comments. Equities saw a boost as risk-on appetite returned, with European and U.S. stock markets opening higher.
Sentiment: NEUTRAL
Tickers: IT10Y-IT, UK2Y-GB, .STOXX, UK10Y-GB, DE10Y-DE,
Keywords: economic events, jerome powell, united states, business news, bonds, government debt, breaking news: markets, stoxx 600, markets, prices, medium term notes,
Source: https://www.cnbc.com/2023/11/02/uk-borrowing-costs-plunge-after-interest-rates-held.html