Treasury yields tumble for a second day, with 10-year rate below 3.6%

Treasury yields fell across the board for a second day Tuesday as traders weigh actions from central banks going forward and The benchmark 10-year Treasury was last lower by 7 basis points at 3.581%, after having surpassed the 4% mark last week. The yield on the policy-sensitive 2-year Treasury fell 7 basis points to 4.031%. … Read more

Stock futures rise following relief rally to begin October

Stock futures rose following a broad rally on the first trading day of October – a sharp turn from September, which brought the worst month since March 2020 for the the Dow Jones Industrial Average and the S&P 500. Futures tied to the S&P 500 increased 0.54%. Nasdaq 100 futures were up 0.75%. Futures for … Read more

Stock futures rise slightly following relief rally to begin October

Stock futures went up slightly following a broad rally on the first trading day of October – a sharp turn from September, which brought the worst month since March 2020 for the the Dow Jones Industrial Average and the S&P 500. Futures tied to the S&P 500 increased 0.05%. Nasdaq 100 futures were up 0.15%. … Read more

10-year and 2-year Treasury yields fall as traders await PMI data

The yields on the 10-year and 2-year Treasurys fell on Monday as markets began a new quarter and investors looked ahead to the release of Purchasing Managers’ Index (PMI) data for the manufacturing sector. The benchmark 10-year Treasury was down 1 basis point to 3.7926% at around 4:30 am ET. The yield on the policy-sensitive … Read more

UK government abolishes plan to cut tax on high earners in major U-turn

“It is clear that the abolition of the 45p tax rate has become a distraction from our overriding mission to tackle the challenges facing our economy,” Finance Minister Kwasi Kwarteng said in a statement. Rob Pinney | Getty Images News | Getty Images LONDON — The UK government on Monday reversed a plan to scrap … Read more

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Erdogan says Turkey will keep cutting interest rates, mocks British pound

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey will keep cutting interest rates, … Read more

Stock futures fall 1% after Wednesday’s big market rally

Stock futures slumped on Thursday morning after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones dropped 324 points, or 1.08%, while S&P 500 and Nasdaq 100 futures declined 1.02% and 1.34%, respectively. The overnight moves came following a broad rally for stocks … Read more

10-year Treasury yield tops 4%, soaring to 14-year high

The benchmark 10-year Treasury briefly topped 4% on Wednesday, reaching levels not seen since 2008, as markets took in Federal Reserve speaker commentary that hinted at further interest rate hikes. The yield on the 10-year Treasury was up 3 basis points to 3.9945% at around 4:20 am ET. Earlier in the day, it rose as … Read more

Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%

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