【今日单词】
lingering /ˈlɪŋɡ(ə)rɪŋ/
adjective
lasting for a long time or slow to end.
eg. ...lingering inflation...
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原文如下：
The day in the markets
(来自：The Financial Time 金融时报)
What you need to know
▸ US government debt yields rise to 16-year high as Fed worries spark sell-off
▸ Wall Street and European stocks retreat along with Asia’s indices
▸ Oil prices turn higher to add to concerns over lingering inflation
Treasury yields rose to a fresh 16-year high yesterday as global stocks and bonds slid after strong US economic data added to investor fears that interest rates will stay higher for longer to combat persistent inflation.
Yields on the benchmark 10-year Treasury bond rose 13 basis points to 4.48 per cent after fresh data showed US applications for unemployment benefits — a proxy for lay-offs — last week fell to their lowest level since January.
Longer-dated US Treasuries also sold off with yields on 30-year debt rising 16bp to 4.56 per cent.
The moves came after the US Federal Reserve on Wednesday kept its key federal funds rate steady at a target range of 5.25-5.5 per cent.
However, it forecast that there could be another quarter-point increase by the end of this year while pencilling in only two rate cuts for 2024.
