US Yields Flatten as Inflation Pressures Rates – Reuters
(Corrects ‘Today’s Key Market Moves’ section to say US yield curve flattens, not steepens)
By Jamie McGeever
ORLANDO, Florida, Nov 10 (Reuters) – US stocks bucked the global trend and fell on Tuesday, after another bout of surprisingly hot US inflation sparked a surge in bond yields and stoked expectations that interest rates might rise more quickly than envisaged.
This offset the decline in oil prices to a two-month low, and overshadowed big AI-related developments surrounding the Nvidia controversy and Anthropic’s planned public listing.
Today’s Key Market Moves
• US yield curve flattens as inflation pressures tighten financial conditions
• Further market reaction to rate expectations
• EXCLUSIVE – Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street’s AI fervor
• Nvidia’s clubby board faces a sticky ‘honey pot’ test
• US consumer prices rise briskly for third straight month
• AI debt faces pressure as Democrats prepare to take over Congress
• China’s trade surplus soars past $1 trillion as AI boom powers exports
• Today’s Key Market Moves STOCKS: Japan +3%, China flat. Europe +0.3% near record high, UK -0.3%. Nasdaq -0.7%, S&P 500 -0.4%, Dow -0.3%.SECTORS/SHARES: Six sectors in the S&P 500 fall, five rise. Tech -1.4%, financials +0.5%. Nvidia -5.5%, Skydance -7.5%. CoreWeave up after results. Charter Communications +11%.FX: US dollar rises. Biggest G10 decliner is Aussie dollar, -0.9%; biggest EM decliners Chilean peso -2%, Brazilian real -1.5%.BONDS: US yields spike sharply, 2-year yield +20 bps, curve flattens. Mixed 10-year auction.COMMODITIES/METALS: Oil -1%. Gold -3%
(Reporting by Jamie McGeever; Editing by Nia Williams)
