Bonds: The G20 also fails to create trust in the markets
Open questions instead of clear statements: after the finance ministers' meeting in Asheville, bond yields continue to rise. Also, because the US response to the looming debt crisis is not convincing.
The G20 finance ministers' meeting in North Carolina was marked by organisational issues and tensions between the US and European countries. US Finance Minister Scott Bessent defended his interventions in the bond markets, which have been criticised by European countries and investors, while German Finance Minister Lars Klingbeil called for a rules-based approach.
The meeting failed to calm market concerns, with bond yields in the US, Europe, and Asia rising further. The US and Europeans also failed to agree on a common policy towards China, and discussions on the recent sale of Euro reserves by the US to support the Japanese yen were tense.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
