Conflict in the Middle East lifted oil and safe-haven government bonds and hurt global stocks and Israeli assets Monday after Friday's sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week.
Israeli government bonds fell, with the 2120 'Hundred Year' bond down 5.3 cents on the dollar at a record low. The shekel sank to its lowest since 2016 at 3.9880 per dollar, prompting the country's central bank to offer to sell up to $30 billion of foreign currency to maintain stability.
He said for a broader or lasting impact, the conflict would likely need to escalate beyond Israel's borders. Germany's 10 year Bund yield dropped nearly 5 basis points to 2.84%, retreating from last week's 12-year high.The conflict in the Middle East comes at a time when markets are jittery and bond yields around the world are at multi-year highs.
Minutes of the last Federal Reserve meeting are also due this week and should help gauge how serious members are about keeping rates elevated, or even hiking again.
France Dernières Nouvelles, France Actualités
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