【今日单词】复习一个单词:ricochet /ˈrɪkəʃeɪverb(of a bullet or other projectile) rebound off a surface."a bullet ricocheted off a nearby wall"barometer/bəˈrɒmɪtə/nounan instrument measuring atmospheric pressure, used especially in forecasting the weather and determining altitude.something which reflects changes in circumstances or opinions."furniture is a barometer of changing tastes"------------------------原文如下:The day in the marketsby Nikou Asgari and Kate Duguid(来自:The Financial Time 金融时报)What you need to know• Renewed selling in UK bonds ricochets across global markets• Core government debt yields rise from US to Germany• Wall Street’s S&P 500 hits lowest level since November 2020UK bonds sold off strongly yesterday on a third day of turbulent trading, a move that ricocheted across global markets and pulled US and European government debt sharply lower.The benchmark 10-year gilt rose 26 basis points to hit 4.5 per cent, a fresh 14-year high, after the Bank of England’s chief economist Huw Pill said the loosening of fiscal policy announced last week would “require a significant monetary response”.The pound and UK government debt have sold off sharply since chancellor Kwasi Kwarteng announced £45bn worth of unfunded tax cuts on Friday.The pound on Monday reached an all-time low against the dollar and gilts across maturities sold off.The magnitude of the selling in the UK has also intensified tremors across global markets, which have already been shaken by concerns about interest rate rises.The US S&P 500 yesterday shed gains of as much as 1.7 per cent and was down 0.5 per cent by lunchtime.The fall left the benchmark US equities barometer at its lowest level on an intraday basis since November 2020.European equities closed at their lows of the day as bonds began selling. The region-wide Stoxx Europe 600 ended the day down 0.1 per cent.The biggest moves yesterday were among long-dated debt with the 30-year gilt yield rising as much as 51bp to 5.04 per cent, its highest level since 2002.The rise in long-term bonds suggested that investors were “now worried that the BoE may not be acting quickly enough to control inflation”, said Jim Reid, a strategist at Deutsche Bank.He added that investors were also concerned about more debt coming into the market with a 30-year deal expected to take place later this week.The moves in the UK have reverberated across global markets with German and Italian bonds falling sharply, as well as a significant, though more muted, move in the US.The German 10-year Bund yield rose 15bp to 2.25 per cent, its highest level since 2011.Italian bond yields rose for the second consecutive day after a coalition of far-right politicians won Italy’s elections.The yield on Rome’s 10-year bonds rose as high as 4.7 per cent, its most elevated level since 2013.In the US, the 10-year Treasury yield rose to 3.97 per cent, close to breaking through the key 4 per cent level.
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