SINGAPORE/LONDON, Aug 17 (Reuters) - The U.S. 10-year Treasury yield on Thursday reached its highest in 10 months, underpinned by fears that U.S. interest rates might stay higher for longer, contributing, along with China's economic woes, to world stocks languishing at five-week lows.
Benchmark 10-year yields reached 4.312%, testing October's 4.338%, a break past which would be its highest since 2007.
U.S. retail sales data came out strong earlier this week, and traders are also watching the Atlanta Federal Reserve's GDPNow forecast model, which showed the U.S. economy is likely to be growing at a 5.8% annualised rate in the third quarter. "The impact of higher yields is standard: a dollar that is well supported and equities under pressure," he added.
The world share sell off could pause in the U.S., however, with Nasdaq and S&P500 share futures up around 0.2%. NQcv1>China's economy was the other topic on investors' minds as a series of economic data and ructions in the property sector have laid bare the stumbling post-pandemic recovery. Hong Kong and onshore Chinese share benchmarks steadied somewhat, albeit at multi-month lows, as investors pin their hope on possible government stimulus to boost the economy.
In currency markets, the dollar index , which measures the U.S. currency against six rivals, scaled a two-month peak of 103.59 underpinned by higher U.S. yields, before steadying a touch lower.
France Dernières Nouvelles, France Actualités
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