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Global Markets: U.S. yields, dollar grind higher as oil tops $80 a barrel

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Yields on benchmark U.S. bonds rose on Thursday to their highest level in about seven years, pushing the U.S. dollar to a four-month peak against the yen, while oil prices eclipsed $80 a barrel for the first time since November 2014.U.S. and European shares gained modestly, with MSCI's gauge of stocks across the globe edging up 0.18 percent.European bond yields generally were also rising along with U.S. peers as investors eyed political risk in Italy. The focus this week has centered on rising U.S. Treasury yields, as investors point to data reflecting a ...

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First Published: Thu, May 17 2018. 21:24 IST