Previous close | 4.6990 |
Open | 4.7060 |
Volume |
Day's range | 4.7010 - 4.7480 |
52-week range | 3.6300 - 5.1520 |
Avg. volume | 0 |
US stock market indexes (^DJI, ^IXIC, ^GSPC) are taken aback by Federal Reserve Chair Jerome Powell's statements outlining that it's taking a lot longer than expected to reach the Fed's 2% inflation target. In turn, Treasury yields (^TYX, ^TNX, ^FVX) are flourishing in this higher-for-longer interest rate environment. Yahoo Finance Reporter Alexandra Canal joins Market Domination Overtime to go over the most influential market trends steering stocks, including market volatility levels (^VIX). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
US Treasury Yields (^TNX,^TYX,^FVX) are moving higher as the debate over when the Federal Reserve will cut interest rates continues to heat up amid current market conditions. The US economy shows strength as consumers continue to spend despite inflation, according to March's retail sales data, which could encourage Fed officials to hold off on rate cuts. Richard Bernstein Advisors Director of Fixed Income Michael Contopoulos joins Yahoo Finance to break down the recent movements in the bond market and the potential for the Federal Reserve to push rate cuts further down the line in 2024, much to the dismay of many Wall Street forecasts. Contopoulos elaborates on the probability of an interest rate hike: "I put the odds as not so much that I think they will hike, as much as I think that the market will start to price in some probability of a hike. Which is meaningful from a market perspective, both from a credit perspective as well as from an equity perspective. Whether or not they actually get to that point is a different story." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Nicholas Jacobino
HousingWire Lead Analyst Logan Mohtashami joins Yahoo Finance to provide insights on the current state of the housing market. Mohtashami emphasizes that housing affordability "depends on the labor market." He explains that if jobless claims increase, mortgage rates will likely fall, but if not, "then we'll stay at these levels." However, he highlights the improving spreads between the 10-year (^TNX) and 30-year Treasury yields (^TYX). Mohtashami highlights the impact of climate change on the housing market, going as far as to say that "parts of the country might not be livable for a lot of homebuyers." He points out that as housing insurance costs rise amid natural disasters, "that's a problem" that could last for decades. Despite these challenges, Mohtashami sees a "good story" in the housing inventory for 2024. He notes that new listings and active inventory are growing, although not significantly, but "it's good enough to give people more choices." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith