Enjoy complimentary access to top ideas and insights — selected by our editors. During testimony to the House Financial Services Committee, Federal Reserve Board Chairman Jerome Powell repeatedly evaded questions from members of both parties about the impact of monetary policy on housing. Rep. Rashida Tlaib D-Minn. seemed perplexed or confused by Powell’s assertion that […]
The Fed chose Treasury markets over housing sanity Read More »
Treasuries fell Friday but remained on course for a third straight weekly gain, with benchmark yields near the lowest levels since early May. Traders squared their positions to start the session, pushing yields up and snapping a five-day rally. Inflation gauges in US economic data were firmer than expected, leading traders to pare bets on
Fed-driven bond rally stalls with yields lowest since May Read More »
A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year. Yields across maturities declined, with those on two-year notes falling five basis points and most reaching the lowest level in more than a month. The
Treasury rally gains steam as economic data fuels rate-cut bets Read More »
A closely watched auction of 30-year Treasuries saw stronger-than-expected demand on Thursday, easing for now worries that investors would shun the US government’s longest maturity. The $22 billion sale followed weeks of fretting over whether spiraling budget deficits and President Donald Trump’s trade war would deter buyers from lending to the US for such a lengthy period. But it
30-year bond sale spurs ‘sigh of relief’ after weeks of angst Read More »
Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week. The Treasury is set to sell $22 billion of 30-year government bonds on Thursday, part of its regularly scheduled borrowings. The results, though, will receive
‘Most-unloved bonds’ turn routine US auction into crucial test Read More »
Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year. The Friday selloff lifted yields across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to Fed rate changes. The benchmark 10-year note’s rate rose eight
Traders reel in Fed cut bets as strong job data drags on bonds Read More »
Treasury yields tumbled after weaker-than-expected gauges of job creation and service-sector activity strengthened traders’ conviction that the Federal Reserve could cut interest rates as soon as September. Two- to 10-year yields reached the lowest levels since at least May 9 after the ISM Services gauge for last month signaled contraction for the first time since
Treasury yields tumble as wagers on September fed rate cut grow Read More »
US Treasuries trimmed early losses after a $70 billion auction of new five-year securities lured solid investor demand. The yield on 10-year benchmark Treasuries was up about three basis points following Wednesday’s sale, after earlier climbing more than five basis points. READ MORE: Home-refinancing gauge falls to three-month low as rates near 7% The shift
US treasuries pare losses as investors snap up five-year notes Read More »
Federal Reserve Gov. Christopher Waller.Bloomberg News Federal Reserve Gov. Christopher Waller said the central bank is not looking to intervene in the Treasury market despite a recent dampening in demand for U.S. debt. Long-term bond yields are surging for the second time in as many months, with rates on the 10-year notes climbing two basis
Waller: Fed not looking to buy bonds amid sell-off Read More »
US corporations with over a trillion in assets snapped up an unprecedented amount of short-term Treasuries when President Donald Trump announced a 90-day delay for most of his “Liberation Day” tariffs, according to Clearwater Analytics. Data tracked by the investment analytics firm of more than 800 primarily non-financial US-based companies show the buying was part
US firms snap up short-term Treasuries to extend duration of cash holdings Read More »