The U.S. dollar was lower on Wednesday, amid fears that the Federal Reserve will increase interest rates higher than expected.
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday.
Traders returned from Monday’s Columbus Day holiday by driving the yield on the benchmark 10-year Treasury note above 3.25 percent in early trading, returning to its highest level since 2011. The yield on the 30-year Treasury bond rose above 3.43 percent, its highest level since 2014.
On Wednesday morning the markets are dominated by mixed dynamics. Political events in Europe have somewhat drawn attention from the U.S. debt markets and there is still pressure on the bonds.
Chipmaker Broadcom Inc (O:AVGO) said on Wednesday a forged memo purportedly signed by the U.S. Department of Defense on the need for a review of its $19-billion acquisition of software company CA Technologies (O:CA) had been circulated among lawmakers.