Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the U.S. Federal Reserve in response to decades-high inflation.
Benchmark Treasury yields lost ground, and German bond yields backed off the 2018 highs struck on Thursday. Gold and oil prices rose.
Losses deepened in volatile trading on Wall Street after Washington said Russia had massed enough troops near Ukraine to launch a major invasion, and urged U.S. citizens to leave the country within 48 hours after Moscow stiffened its response to Western diplomacy. read more
