President Donald Trump’s unprecedented and escalating attack on the Federal Reserve runs the risk of backfiring by hitting financial markets and the economy with higher long-term borrowing costs. For weeks, he has lambasted Chair Jerome Powell for not slashing interest rates deeply to stimulate the economy and — as Trump sees it — lower the […]
Trump’s Fed gamble risks pushing key bond rates even higher Read More »
Jerome Powell sent the US bond market up on Friday by telegraphing his Federal Reserve will resume reducing interest rates as soon as next month. Beyond September, it’s up to the economy how much further he cuts — and how much more Treasuries can rally. READ MORE: Powell opens the door to interest rate cuts
Bond market’s big Powell rally needs supportive data to march on Read More »
Bond traders’ big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy. Powell’s speech on Friday at the central bank’s annual gathering in Jackson Hole, Wyoming, kicks off a make-or-break stretch for the Treasury market, which
Bond market’s rate-cut bets hit decisive stretch with Powell Read More »
US Treasuries, coming off their best day so far this year on Friday, held onto most of the move to start a week featuring a heavy slate of note and bond auctions. Yields on longer-dated bonds settled two basis points lower Monday afternoon in New York, while shorter-dated yields were little changed. Earlier, they fell to session
Treasuries tack onto historic gain ahead of quarterly auctions Read More »
Bond investors enter a frenetic week comprising the latest Treasury view on quarterly debt sales, a Federal Reserve meeting, and plenty of data crowned by the July jobs report. With four trading days left in July, the Treasuries market is on course for only its second negative month this year, as investors have reduced
Bond traders await Fed meeting, refunding and jobs report Read More »
The dollar rose after a better-than-estimated retail sales report and a drop in jobless claims reinforced speculation the Federal Reserve will stay on hold for now. Stocks and bonds wavered. The greenback resumed its month-to-date climb while the S&P 500 and bond yields were little changed. Money markets are pricing fewer than two Fed rate
Treasury yields and dollar rise after retail sales Read More »
Treasuries slipped ahead of a sale of 30-year US bonds that will provide a fresh test of demand for the type of long-dated government debt that has been under pressure globally. US 10-year yields were two basis points higher at 4.36% Thursday morning in New York, trimming a decline of seven basis points the previous
US treasuries edge lower ahead of 30-year bond auction Read More »
Andrew Harrer/Bloomberg Treasuries slipped across the curve Tuesday, pushing yields two to four basis points higher and the 30 year approaching 5% for the first time since May. Yields have been rising as investors pare bets on the Federal Reserve’s interest-rate cuts following a jobs report that revealed a surprisingly resilient US labor market. Interest-rate
Treasuries extend drop as pressures build on longer-dated debt Read More »
Treasury yields rose Monday led by long-maturity tenors as investors preoccupied with the potential fallout of US tariffs looked ahead to auctions later this week. Yields for 10- to 30-year Treasuries climbed at least five basis points to the highest levels in more than a week, extending the selloff sparked by strong June employment data
Treasury yields climb ahead of auctions amid tariff uncertainty Read More »
Treasuries fell for a second day, pulled lower by a selloff the UK bond market, as traders shifted their attention to a report on the US jobs market on Thursday. Yields rose across most maturities with 30-year Treasuries climbing seven basis points to a session high of 4.83% in morning trading in New York. The
Treasuries fall for second day as UK selloff spills over Read More »