Stocks slide, treasury yields jump before central banks meet

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Reuters

By Wayne Cole and Alun John SYDNEY/LONDON (Reuters) – U.S. benchmark 10-year yields hit their highest in over a decade on Monday, while shares slipped and the dollar firmed as investors prepared for a packed week of central bank meetings, with the chance of a super-sized hike in the United States. Markets are fully priced for a rise in interest rates of 75 basis points from the Federal Reserve, with futures showing a 20% chance of a full percentage point increase. They also indicate a real chance that rates could hit 4.5% as the Fed is forced to tip the economy into recession to subdue inflati…

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