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

A punitive sell-off in short-term debt pushes one rate near ‘magic’ level that ‘frightens’ markets

The yield on the 1-year Treasury is testing 4%, a level that traders say could spill over into other rates and shake financial markets as the Federal Reserve pushes ahead with its campaign to increase its $8.8 trillion balance sheet. shrink . That balance sheet process, known as “quantitative tightening,” is intended to complement the … 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

Investors await ECB interest rate decision With inflation in the eurozone expected to rise to at least 10% in the coming months, a 75 basis point “jumbo” rate hike is certainly a possibility. Bloomberg | Bloomberg | Getty Images The euro rose against the dollar and British pound on Wednesday morning as the European Central … Read more

US Treasury yields fall on economic data

Treasury yields fell slightly on Tuesday after 2-year yields hit their highest level since November 2007 on Monday. Short-term 2-year Treasury yields fell 1 basis point to 3.417, still above the near 15-year high. The return on the 10-year Treasury benchmark decreased by 4 basis points to 3.0689%. The yield on the 30-year government bond … 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

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