Bond Yields Hit 15‑Month High, Samsung Shares Jump
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- U.S. stock futures fell on Monday, with Dow futures down 321 points (0.7%), S&P 500 futures down 32 points (0.4%), and Nasdaq 100 futures down 96 points (0.3%).
- U.S. 10-year Treasury yield reached a 15‑month high, while the 30‑year yield also climbed, and yields in Europe and Asia rose.
- Brent crude rose 1% to $110.32 a barrel as the Strait of Hormuz remained effectively closed, fueling inflation concerns.
- Samsung Electronics shares jumped after the South Korean government mediated new labor talks to avert a strike at its memory‑chip plant, with the Prime Minister warning of “unprecedented economic damage.”
- China's industrial production grew 4.1% YoY in April, missing the 6.0% forecast.
- China's retail sales rose only 0.2% YoY, well below expectations.
Why it matters: Rising bond yields raise borrowing costs for households and governments, while oil‑driven inflation worries push the dollar higher and keep the Fed’s rate‑hike odds near 50‑50, squeezing risk‑asset investors. Samsung’s share jump shows how government mediation can protect a key employer from a costly strike.
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