Energy Markets
US 30-year yield reaches 2007 high; stocks try to recover after earnings
The long-term borrowing costs of the?U.S. The?U.S. government's long term borrowing costs reached their highest level since 2007. Global shares also staged a recovery after investors were reassured by?some encouraging earning signals. The yield on 30-year Treasury bonds hit a high of 5,239% on 'Thursday. It had previously broken above 5,2% the day before in New York after the Federal Reserve held interest rates. However, Chair Kevin Warsh sent mixed signals on the outlook for inflation and monetary policy. Traders were unable to predict the Fed's next moves, a problem made worse by Warsh's decision not to provide any forward...