The rise in US bond yields could slow the recovery of the equity markets, analysts said S&P Global Market Intelligence. “The faster yields rise, the worse it will be for stocks,” Andrew Brenner, head of international fixed income at National Alliance Securities, said in an interview. The 10-year Treasury yield hit a 12-month high of..
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Soaring Treasury yields pose risk to market rebound
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US dollar withdraws, inflation on the move
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The US dollar rally earlier this year has taken a break as other major currencies have struck against the US currency. Economic growth remains subdued in developed economies, although inflationary pressures have increased in Europe and the United States. This week’s highlights include US GDP and euro area inflation reports. Eurozone GDP reached -0.6% in..
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When technical and fundamental analysis agree
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USD / CAD Breaks to Three-Year Low, Support Friday Weak Canadian retail sales mattered less than 14-month high for WTI Commodity prices and demise of tech support undermine USD / CAD FXStreet Forecast Poll expects resistance to hold at 1.2550. Poor retail sales in December did not hurt the Canadian dollar, as West Texas Intermediate..
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ByteDance denies during preliminary discussions to list TikTok on NYSE – Global Times
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TikTok’s parent company ByteDance has refuted reports it is in preliminary talks to list the video app on the New York Stock Exchange (NYSE), influential Chinese newspaper Global Times reported on Wednesday. The outlet said, “ByteDance responded on Wednesday that previous media reports that the company was in preliminary talks to list TikTok in New..
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FOREX dollar hits 4-month high against yen as interest rates jump on inflation rates
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* Graphics: World exchange rates tmsnrt.rs/2RBWI5ETOKYO, Feb. 17 (Reuters) – The dollar rose on Wednesday, hitting a four-month high against the yen as US bond yields jumped on the prospect of further economic recovery and a possible acceleration in inflation.Bitcoin held tight, a day after cryptocurrency first hit $ 50,000, bringing the total market value..
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Janet Yellen highlighted the deepening of transatlantic cooperation with Lagarde of the European Central Bank
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Janet Yellen, US Treasury, focused on deepening transatlantic cooperation on economic and financial issues during a call with European Central Bank Governor Christine Lagarde. On Tuesday, they both discussed policy tools to foster growth and job creation in the United States and Europe, as well as deepening transatlantic cooperation on economic and financial matters, according..
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10-year U.S. government bond yields rebound 10 basis points to 1.30%, highest since February 2020
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The US government bond markets sold off sharply and yields subsequently rose. The 10-year yield hit 1.30%, its highest since February 2020. The US government bond markets suffered a strong selloff on Monday and there was a sharp rise in bond yields across the entire Treasury curve. The 10-year bond yield is up almost 10..
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January US Retail Sales Snapshot: Credit Market Predicts Consumer Recovery
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Retail sales are expected to rebound after three consecutive losses. The holiday season will remain negative after January’s results. The labor market remained weak in January, with unemployment claims high. The US dollar is unlikely to benefit from positive sales. Americans will resume spending in January, but it won’t be enough to save the holiday..
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NY Empire State Manufacturing Index improves to 12.1 in February vs. 6 expected
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The New York Empire State’s manufacturing index improved sharply in February. The US dollar index rebounds to 90.50 after the data. The New York Fed’s Empire State Manufacturing Survey general trading conditions index rose to 12.1 in February from 3.5 in January, the New York Fed report revealed on Friday. This reading is better than..
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US Treasury Yields Cool Every Year Amid Risk
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US 10-year rates are the new 11-month coupon, the 30-year coupon, goes to mid-February 2020 levels. American stimuli discuss, vaccine developments replace the planned fight between the United States and Iran. US Treasury yields received a warm welcome after the extended weekend of Tuesday’s Asian session. Risk barometers primarily encourage improvement in the coronavirus (COVID-19)..
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