Equities bounce back while yields, oil prices drop

Equities bounce back while yields, oil prices drop

U.S. Treasuries rallied, with the yield on the benchmark 10-year note tumbling from more than a three-year high to below 3% as the market reassessed the inflation outlook a day before U.S. consumer price index (CPI) data is released.







Reuters









May 11, 2022 / 06:30 AM IST





Wall Street stocks rebounded on Tuesday and U.S. Treasury yields fell while oil prices tumbled amid fears about inflation and slowing economic growth around the world.

U.S. Treasuries rallied, with the yield on the benchmark 10-year note tumbling from more than a three-year high to below 3% as the market reassessed the inflation outlook a day before U.S. consumer price index (CPI) data is released.

U.S. crude oil futures dipped below $100 a barrel to their lowest level in two weeks as the demand outlook was clouded by coronavirus lockdowns in China and growing recession concerns, while a strong dollar made crude more expensive for buyers using other currencies.

Markets have been volatile across asset classes due to a combination of surging inflation and fears that monetary tightening aimed at slowing price increases would cause a slowdown in global economic growth.

Last week, central banks in the