By Piero Cingari | www.benzinga.com | Updated: 2025-11-14
Yesterday's main news was the reopening of the US government after the largest shutdown in history. However, Treasury yields rose as markets priced a lower probability of a December rate cut amid lingering uncertainty over the inflation outlook and growing divisions among Fed officials.
These concerns on US monetary policy spread to the euro area, pushing sovering yields higher, further boosted by growth concerns in Germany and the prospect of increased bond issuance. The dollar weakened against its peers on concerns about the impact the shutdown has had on the US economy.
Equity markets fell on both sides of the Atlantic, lead by losses from technology firms that are still suffering from investors'views on too-high valuations. In commodities markets, Brent prices were flat after the huge drop on the previous session while gold prices edged lower, pausing its rising streak since the beginning of the week.
