June 14 - MarketWatch - Investment bankers and analysts are keenly watching the global rise in interest rates, but said that they don't expect it to derail deal-making or IPO activity anytime soon.
The yield on 10-year U.S. Treasurys climbed toward a five-year high of 5.25% Tuesday, while in Europe the 10-year Bund yield rose almost 6 basis points to 4.6%. The jump in yields has been driven by strong economic growth and rising inflation, which has prompted central bankers in Europe, Japan and elsewhere to raise, or consider raising, interest rates.
The move in bond yields put equities around the globe under pressure, but bankers said that the impact on the European new issues market had been limited so far. After unsteady starts Wednesday, most European bourses were recovering later in the day, while U.S. markets were stronger. Read More.
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