Government borrowing costs are continuing to grind upwards. The 10-year Treasury yield has broken through 3.1% - its highest level since July 2011 - as higher oil prices pointed to increased inflation following yesterday's upbeat U.S. retail sales numbers. Economic figures today - like jobless claims - could boost yields further as market players become even more confident about upcoming Fed rate hikes.
Economy
The European Union must protect EU companies doing business with Iran, French President Emmanuel Macron declared, as firms begin to pull out of the country. Total (TOT) has halted work on