Bloomberg In the showdown between traders and central bankers over rising bond yields, the Bank of England (BOE) is aligned more with the relaxed views of the US Federal Reserve than peers in Asia and Europe that are trying to rein in markets. Addressing the topic for the first time late last week, BOE policy makers echoed Fed officials in ...

Bloomberg The Philippine peso has been under siege from rising Treasury yields and buoyant crude prices. But technicals may offer some support. The peso slumped to its lowest level in six months last week following an extension of coronavirus-led curbs in the nation and delays in vaccine rollouts. The 10-year Treasury yield’s surge to 1.6% added to the bearish sentiment. ...

Bloomberg Commerzbank AG plans to withdraw from locations including Hong Kong, Luxembourg and Hungary as part of its previously announced restructuring, according to an internal memo seen by Bloomberg. Asia sales activities will be bundled in Singapore and the Dubai branch will continue to operate as a representative office, it said. In South America, the German lender plans to sell ...