Global bond sell-off reignites as oil jumps to $107
US 30-year borrowing costs hit highs as falling Saudi oil production gives fresh impetus to rally in crude prices
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The likelihood of a Fed interest rate hike next week just got a lot higher
Traders pushed chances for a rate increase to 70% in morning action.
Bond sell-off reignites as oil jumps above $105
US 30-year borrowing costs hit highest in nearly two decades as falling Saudi oil production gives fresh impetus to rally in crude prices
Wholesale prices rose 0.4% in August, as expected
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
Saudi Arabia cuts oil output to lowest this year on Houthi threats
Rebels announced ‘maritime embargo’ against kingdom’s exports in July, forcing world’s biggest exporter to cut production