The 10-year U.S. Treasury note yield briefly touched 1.3855%, its highest level since July 14, while the dollar hit a three-week high. Investors hope the Fed’s meeting next week will yield more clarity on its plan to slow down asset purchases, and when it might raise interest rates. Shares in embattled property developer China Evergrande, which has two trillion yuan ($310 billion) in liabilities and faces an $80 million bond coupon payment next week, dropped 30% this week. The 10-year Treasury note yield rose 3.9 basis points to 1.3702%. The dollar index, a gauge of the greenback’s value against six major currencies, rose 0.387%, its highest since late August.

Source: MetroXpress September 17, 2021 04:31 UTC