Bond Report
Bond yields rose on Thursday as signs that China’s post-COVID recovery was accelerating concerns that central banks face more difficulty suppressing inflation.
What’s happening
What’s driving markets
News that China’s manufacturing sector is expanding at its fastest pace in more than a decade is rippling through markets, pushing up industrial commodity prices and forcing up government bond yields on fears central banks may need to raise interest rates further as they face a tougher task suppressing inflation.
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