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

Another hot inflation report, Q2 earnings make for difficult week ahead

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second-quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines reports … 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

Japan, South Korea, Hong Kong drop more than 2%

SINGAPORE — Shares in Asia tumbled on Monday, the major markets in the region saw sharp losses of more than 2% amid a tech sell-off. The Nikkei 225 in Japan dropped 2.8%, and shares of conglomerate SoftBank Group dropped more than 4%. The Topix index was lower by 2.17%. Hong Kong’s Hang Seng index also … Read more

Europe markets open to close after ECB meeting; U.S. inflation data ahead

LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected US inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday … Read more

Fed will raise rates next week, but Powell remarks may matter most

The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 pm ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data … Read more

10-year Treasury yield holds at 3%

The 10-year US Treasury yield hovered at the 3% mark on Tuesday morning, while the 10-year German bund hit 1% for the first time since 2015, amid expectations around interest rate hikes. The yield on the US 10-year Treasury note benchmark rose less than a basis point to 3.0045% at 4:15 am ET. The yield … Read more

Treasury yields rise following Powell rate hike remarks

The 5-year US Treasury yield topped 3% on Friday, after Federal Reserve Chairman Jerome Powell’s suggestion that a 50-basis-point rate hike could be in the cards in May. The yield on the 5-year Treasury note was last down 4 basis points to 2,937%. Earlier in the day it climbed as high as 3.05% and was … Read more

Asia-Pacific stocks mixed; mainland China markets closed

SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, investors continue to monitor the US Treasury yield curve. The Nikkei 225 in Japan slipped fractionally the shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%. Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s broadest … Read more

Markets will be looking for clues from the Fed ahead, as historically strong month gets underway

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 29, 2022. Brendan Mcdermid | Reuters The stock market is heading into what promises to be a volatile second quarter, but April is traditionally the best month of the year for stocks. The major indices were higher … Read more