American shoppers won’t be deterred by mounting credit-card bills or the recent ripple of layoffs, according to the latest Bloomberg Markets Live Pulse survey.
Heavy selling in Treasuries Friday rippled across Asian debt markets early Monday, weighing on government bonds in Australia and New Zealand after US jobs data forced investors to push out rate cut bets.
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The 10-year Australian and New Zealand yields rose by around 10 basis points in early trading, after their US equivalent rose 14 basis points Friday. Those on two-year Treasuries jumped as much as 20 basis points to over 4.4%, the biggest one-day spike since March.
* Original Article:
https://www.bloomberg.com/news/articles/2024-02-04/layoffs-credit-card-debt-won-t-stop-americans-from-shopping
