Traders await comments from Fed speaker, inflation data

Treasury bond yields rose Monday as investors looked ahead to a week of Federal Reserve speaker comments and key economic data, including the October consumer inflation report. Around 3:30 a.m. ET, the benchmark return 10-year treasury Note rose slightly more than one basis point to 4.1713%. Meanwhile, the policy sensitive 2 year treasury traded around … Read more

UK economy: Liz Truss holds crisis meeting

British Prime Minister Liz Truss held crisis talks on Friday as the UK economy continues to struggle after its disastrous mini-budget. The prime minister – who has only been in office for a few weeks – has led one of the worst financial collapses in recent British history after her new fiscal measures sparked market … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

2-Year Treasury Yields Hit New 15-Year High

Treasury yields rose Tuesday as traders await the Federal Reserve’s decision on rate hikes, expected to be announced Wednesday. The policy-sensitive 2-year Treasury gained about 3 basis points, reaching 3.977% – a level it hadn’t reached since late 2007. The 10-year Treasury yield rose 5 basis points to 3.539% at 6:15 a.m. ET, trading near … Read more

Treasury yields lower than expected US consumer report

Bond yields fell slightly on Monday as markets waited for data on consumer inflation expectations. The return on the benchmark 10-year Treasury Note was down 1 basis point, trading at 3.3098% around 4.15pm ET. The yield on the 30-year government bond fell below a basis point to 3.4527%. The yield on the 2-year Treasury was … Read more

European markets open to closing time, data, earnings and news

Sterling struggles as new prime minister takes office The British pound fell against the US dollar and the euro on Wednesday morning as new Prime Minister Liz Truss began her first full working day. Sterling was trading at $1.1495 at 8:30 a.m. London time, down 0.17% from the previous day, leaving it around the lowest … Read more

US Treasury yields fall on economic data

US Treasury yields fell slightly on Tuesday after 2-year yields hit their highest level since November 2007 during the previous session. The yield on the short-term 2-year Treasury fell 2 basis points to 3,405, still higher than the near 15-year high. The return on the benchmark 10-year Treasury fell 5 basis points to 3.06%. The … Read more

Government bond yields rise after unemployment claims report

US Treasury yields rose Friday as investors digested the previous day’s data, which showed unemployment claims came in lower, below expectations. The yield on the 10-year Treasury bond was up 4 basis points at 8:30 a.m. ET to 2.926%, while the yield on the 30-year Treasury bond rose about 3 basis points to 3,1728%. Yields … Read more

Treasury returns in focus after strong job growth figures

Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more

Jim Chalmers: Budget warning on Australian debt as interest rates rise

Jim Chalmers has issued a chilling message on debt, telling Australians to brace themselves for some “confrontational” budget figures. Treasurer Jim Chalmers has warned Australians to prepare for “confrontational” news when he reveals the state of the country’s finances next week. Rising interest rates at record levels of government debt are expected to burn a … Read more