nonfarm payrolls, unemployment, Fed, recession

The 10-year Treasury yield rose on Friday on the back of a stronger-than-expected jobs report for July. At about 4:10 pm ET, the yield on the 10-year Treasury bond was up to 2.83%, and the yield on the 30-year Treasury bond was up 10 basis points and trading at 3.068%. Meanwhile, the 2-year was up … Read more

European Central Bank’s action faces stiff test as recession nears

President of the European Central Bank (ECB) Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting, in Frankfurt, Germany, July 21, 2022. Wolfgang Rattay | Reuters The European Central Bank toughened its anti-inflationary stance with a 50 basis point hike to interest rates and announced a new anti-fragmentation tool, but analysts … Read more

Stock futures are little changed after Wednesday’s session as Wall Street awaits bank earnings

Stock futures were little changed on Thursday morning as traders look ahead to earnings from major US banks. Dow Jones Industrial Average futures shed 11 points, or 0.04%. S&P 500 futures were fractionally lower and Nasdaq 100 futures were down 0.13%. Stocks slipped during Wednesday’s session after June inflation data came in hotter than expected, … Read more

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or has already fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield … Read more

Russia slides into historic debt default as payment period expires

Russian Finance Minister Anton Siluanov (seen here with Russian President Vladimir Putin in 2019) reportedly told Russian newspaper Vedomosti that Moscow will continue to service external debts in rubles, but foreign Eurobond holders will need to open ruble and hard currency accounts with Russian banks in order to receive payments. Mikhail Svetlov | Getty Images … Read more

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more

No need for concern over higher yields in euro zone

German Minister of Finance Christian Lindner said there is no need for concern about the stability of the euro zone. John Thys | afp | Getty Images LUXEMBOURG — There is no need for markets to be worried about the stability of the euro zone, Germany’s finance minister told CNBC Thursday following a recent surge … Read more

10-year Treasury yield in focus ahead of Fed meeting

Treasury yields fell on Tuesday as investors assessed the prospect of the Federal Reserve taking the most aggressive step yet in its fight to lower soaring inflation. The yield on the benchmark 10-year Treasury note slipped around 9 basis points to 3.276%, paring gains after climbing to 3.39% and notching its biggest move since 2020 … Read more

JPMorgan says Chinese assets are a good diversifier right now

Sign for JP Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York. Mike Kemp | Getty Images LONDON – The lockdowns ease and regulatory pressures subside, some of the headwinds facing Chinese stocks are set to … Read more

Treasury yields in focus amid key inflation data

US Treasury yields popped Friday, led by short-term rates, after the release of hotter-than-expected inflation data raised concerning a possible recession. The 2-year rate jumped more than 24 basis points to 3,063%, reaching its highest level since 2008. The benchmark 10-year Treasury yield also rose sharply, last trading at about 3.16%. Yields move opposite of … Read more