2-Year Treasury surpasses 4.2%, 15-year high as Fed drives up short-term rates

Yields moved higher on Friday, with the 2-year Treasury yield reaching a new 15-year high as markets assessed the latest Federal Reserve rate hike and what it means for the economy going forward. The policy-sensitive 2-year Treasury hovered above 4.2%, reaching a 15-year high of 4.266% earlier in the session. It last gained 12 basis … Read more

Fed must raise interest rates by 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest rates too slowly, telling CNBC’s “Fast Money” that he would seriously consider a 150 basis point hike this week if he were chairman Jerome Powell. “The Fed knows the destination. … 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

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

Market jump after Fed hike is ‘fall’, Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money to work in stocks, despite the market’s jump following the Fed’s decision. Mike Wilson, the company’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that rate hikes could slow earlier than expected is premature and problematic. … Read more

Markets Face Crucial Summer Week, With Fed, Earnings and Economic Data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There is a dizzying amount of news for the markets in the coming week, the most important of which will be the Federal Reserve’s midweek meeting. The two largest US companies – Microsoft and Apple … Read more

Traders bet the Fed could raise interest rates by 1% this month

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE After June’s super-hot consumer inflation report, futures market traders immediately started betting that the Federal Reserve could raise interest rates by as much as 1% later this month. The Consumer Price Index, reported Wednesday morning, rose 9.1% year-over-year, the highest monthly value for … Read more

Government bond yields ahead of key inflation data release

US Treasury yields fell Tuesday as traders prepared for key inflation data to be released later this week. The 2-year fell 6 basis points to trade at 3.0078%, but remained above the 10-year Treasury, which fell 6 basis points to 2.9225%, before falling back below 3%. The yield on the 30-year government bond was 5 … Read more

Treasury yields are falling ahead of inflation figures later this week

US Treasury yields were slightly lower on Monday as traders continued to process strong data in the latest jobs report and look ahead to inflation data to be released later this week. The 10-year Treasury yield fell by about a basis point to about 3.0878%, while the 30-year Treasury yield also fell by a basis … Read more

US bonds continue to signal recession warning

Market professionals track the spread between longer-dated government bond yields and shorter-dated yields, with the former typically higher. However, 2-year government bond yields rose three basis points to 2.998% on Wednesday, holding it above 10-year yields. That so-called inversion, especially if it persists, is often interpreted as a warning sign that the economy could weaken … Read more