Most of the developed stock markets kept registering small gains yesterday while yields on sovereign bonds picked up. In the U.S., the yield on the 10-year Treasury increased by 7 basis points and reached 2.55% for the first time in more than 9 months.
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Stock markets dropped for second consecutive session, with the U.S. S&P500 Index dipping by -1.1 percent and the EuroStoxx 50 Index declining by -1.0 percent.
Yesterday, European stock markets registered slight declines while U.S. markets were closed for the Presidents' Day Holiday.
After the strong correction registered during the first weeks of February, global stock markets closed last week on a positive note with stronger increases in Europe than in the U.S., where they remained relatively stable on Friday.
U.S. stocks rallied and yields on Treasuries nudged up, with the 10-year yield stabilizing marginally above 2.90 percent.
U.S. stock markets extended its rebound even as Treasury yields rose strongly with the release of January's CPI inflation.
Volatility levels remained elevated as stock and fixed-income markets were mixed across the globe.
On Monday, stock markets surged after two weeks of corrections.
U.S. stock markets ended their worst week in two years on a positive note, while European stocks also suffered losses in the last session of the week.
The sell-off in global stocks that briefly looked to have ended mid-week came back, tipping stock markets into renewed declines.
European stocks stabilized and closed higher, but U.S. stocks were unsteady and ended Wednesday's session lower.
U.S. stock markets showed signs of stabilization after several days of declines while in Europe they continued to registered strong decreases.
Volatility surged and global stock sell-off deepened yesterday with declines around 4% in the U.S. stock markets while in Europe decreases were more moderate. In sovereign bond markets, increased appetite for safe assets resulted into significant decreases in yields.
Developed stock markets continued to register strong declines during the last day of the week as investors adjusted to a surge in global bond yields.
Markets started the week in a cautious mood as investors pondered over pandemic dynamics and the economic outlook. Stock markets declined moderately across most advanced and emerging economies while commodities were mixed and FX markets were little changed.
Stock markets suffered losses for the third time in the week, with stronger declines in the Euro Area than in the U.S.
Stock markets stabilized after the losses of the last two sessions and sovereign yields were roughly unchanged.
U.S. stock markets slipped and the yield on 10-year Treasuries climbed above 2.6 percent.
Stock markets rose in the U.S. but experienced widespread declines in Europe. In fixed-income markets, U.S. sovereign yields ticked up and European yields remained stable (with the exception of Portugal's).
Stock markets retreated in the U.S. and advanced in Europe, while sovereign yields on 10-year bonds nudged down.