Bloomberg Business

Treasury Yields Surge as Strong Jobs Data Bolsters Fed Hike Bets

Bond traders’ expectations for how high the Federal Reserve might need to push its benchmark rate received renewed impetus on Thursday as focus turns to the strength of the US labor market, pushing short-end Treasury yields to levels last seen in November.

Ukraine Latest: US, Germany Sending Armored Vehicles, Patriots

The US and Germany will send armored vehicles to Ukraine, President Joe Biden and Chancellor Olaf Scholz said in a joint statement, providing a significant upgrade in firepower urgently sought by Ukrainian President Volodymyr Zelenskiy.  Germany also will follow the US in providing a Patriot missile defense system to Ukraine.

Fed’s Bullard Says Rates Are Getting Closer to Sufficiently High

Federal Reserve Bank of St. Louis President James Bullard said interest rates are getting closer to a high enough level to bring down inflation, suggesting he’s comfortable with policymakers’ projections of how much further they will hike this year.

Putin Orders a Surprise 36-Hour Cease-Fire for Orthodox Christmas

Russian President Vladimir Putin ordered his forces to cease fighting in Ukraine for 36 hours starting Friday at noon, Moscow time, but Kyiv quickly dismissed the move as a ploy, unlikely to slow a conflict that’s heading for its second year.

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