By Mike Dolan

Dec 9 – What matters in U.S. and global markets today

By Mike Dolan, Editor-At-Large, Finance and Markets

Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started its two-day meeting.

A sharp jump in yields on U.S. Treasuries, German bunds and Japanese government bonds on Monday was fueled by a slew of factors – some hawkish policy noises ‍from several regions, another heavy week of year-end U.S. debt sales and a likely Bank of Japan interest rate rise next week.

The jolt knocked stock markets back and the S&P 500 ended in the red on Monday. Stock index futures held steady on Tuesday.

But as a widely expected Fed cut is expected on Wednesday, the pi

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