Morning Bid: Bonds boil
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Berkshire Hathaway Just Sold 3 Bank Stocks. Here’s Why Investors Should Take Notice
Key PointsBerkshire Hathaway reduced its positions in Capital One, Bank of America, and Ally Financial.
Mortgage nightmare as investors price in three interest rate hikes
Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring.
‘Large tax hikes on the way’: How the global bond rout is boxing in Healey
Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said.
Rupee falls 2 paise to close at 94.97 against US dollar
Meanwhile, the dollar index trades at 99.82, higher by 0.14%
This Was the Best-Performing Asset Class in August
Commodities crushed all other asset classes last month, with gold and crude oil leading the way.