|Day's range||3.07 - 3.09|
|52-week range||2.21 - 3.12|
Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks. The U.S. and China officially began taxing larger amounts of each other's goods Monday, and the Wall Street Journal reported that China pulled out of talks that could have led to a new round of negotiations to end the trade war. The U.S. is now taxing another $200 billion in Chinese imports at a rate of 10 percent, and China added taxes of 5 to 10 percent on $60 billion in U.S. products.
The Zacks Analyst Blog Highlights: Wintrust Financial, Comerica, Blue Hills Bancorp, Union Bankshares and First Financial Bankshares
U.S. government-bond prices rose Thursday as investors took advantage of a recent jump in yields to buy the debt at relatively attractive levels. Bond prices fell early in Thursday’s session, then rose as investors locked in Treasury securities at the highest yields since May. Some investors said that yields appear near the top of their forecasts for 2018 and that modest inflationary pressures suggest there might not be much more driving them higher this year. Muted inflation is good for the value of government bonds because it preserves the purchasing power of their fixed interest and principal payments.
Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level since May. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages jumped to 4.65 percent, from 4.60 percent last week. The average rate has increased from 3.83 percent a year ago.
Higher bond yields can boost bank profits as they increase the spread between what banks earn by funding longer-term assets, such as loans, with shorter-term liabilities.
U.S. government bonds were hit by a fresh wave of selling Wednesday, pushing the yield on the benchmark 10-year Treasury note to levels not touched since May. The yield on the 10-year Treasury note, used as a reference for everything from mortgages to student-loan rates, settled at 3.081% and rose for a fifth consecutive day—the longest such streak since April. Bond yields, which rise as prices fall, have steadily risen throughout the week, surprising analysts who had expected the latest flare-up in trade tensions to stoke demand for Treasurys and push yields lower.
Interest-rate-sensitive sectors such as REITs are feeling the pressure as the 10-year yield sits north of 3%
A weekslong selloff in U.S. government bonds intensified on Tuesday, as the yield on the 10-year Treasury note wrenched clear of the 3% level that has for months acted as its ceiling. Yields, which rise when bond prices fall, first declined but then climbed along with global stocks after the Trump administration said late Monday that a 10% tax would be imposed on Chinese goods starting Sept. 24, with the rate rising to 25% at the end of the year. “Seemingly, there was an expectation that the tariffs that were going to be implemented were going to be at the higher 25% rate, and they’re initially at 10%, so I think there’s some relief reaction to that,” said Larry Milstein, head of government and agency trading at R.W. Pressprich & Co. Andrew Harrer/Bloomberg News The U.S. Treasury building.
U.S. government bond prices fell Monday as investors analyzed an array of conflicting data about the economy and Federal Reserve policy. The yield on the benchmark 10-year Treasury swung back and forth before closing at 3.001%, the highest since May 23, from 2.992% Friday. Yields briefly rose Monday, then declined, then climbed again, as investor sentiment shifted against a backdrop of a growing supply of corporate and government bonds.
U.S. government-bond prices fell Friday, briefly pushing the yield on the 10-year note above 3% for the first time since early August, as investors’ appetite for Treasurys was once again tested by forecasts for higher interest rates and continued strength in the U.S. economy. The yield on the benchmark 10-year Treasury note briefly reached as high as 3.001% early in the U.S. trading session. Yields, which rise as bond prices fall, have climbed in recent weeks, as factors constraining their rise, including concerns about trade tensions and emerging-market economies, have receded.
NEW YORK (AP) — U.S. stocks hardly moved Friday as the market wrapped up a solid week. Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way.
Smaller companies rose following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way. Stocks rose in early trading after the Federal Reserve said production of cars and energy jumped in August. The Commerce Department said sales by retailers grew only slightly in August after a big gain in July.
The latest on developments in financial markets (all times local): 4 p.m. Stocks ended an up-and-down day with slight gains on Wall Street, capping a solid week. Smaller companies rose more than the rest ...
Australia’s employment rose a strong 44.0K in August, more than reversing the modest 4.3K drop in July. U.S. producer prices unexpectedly fell in August with the weakness led by declines in the prices of food and a range of trade services. U.S. crude oil production fell by 100,000 bpd, to 10.9 million bpd, as the industry faces pipeline capacity constraints. According to the Federal Reserve’s latest Beige Book released late Wednesday, three of the Fed’s 12 districts – St. Louis, Philadelphia and Kansas City – reported weaker growth in August. Fed Governor Lael Brainard said in a speech on Wednesday that the Federal Reserve likely will continue gradual interest rate increases but will accelerate the pace if signs that financial imbalances continue to build.
Yields, which fall as bond prices rise, slipped overnight and then extended their drop after Labor Department data showed the producer-price index notching its first monthly decline since February 2017. The index, which measures the prices that businesses receive for their goods and services, slipped 0.1% in August from the month prior, missing the 0.2% gain economists surveyed by The Wall Street Journal had expected. The data, coming ahead of Thursday’s consumer-prices report, helped ease investors’ recent worries that inflation might be accelerating faster than expected—which could spur the Federal Reserve to pick up its pace of interest-rate increases.
Asian markets were mostly higher on Thursday after a report that the U.S. had proposed a new round of trade negotiations with China quelled fears that a dispute between the world's two largest economies was spiraling out of control. NEW iPHONE: Apple unveiled new iPhones with larger screens on Wednesday.
The U.S. stock market is now 10 years removed from the financial crisis, which sparked a deep recession, resulted in millions of people losing their jobs and homes, and decimated the stock market, with the S&P 500 losing more than half its value. Massive steps were taken by governments and central banks across the world to stop the crisis, but in what could become an ironic outcome, those measures may have simply laid the foundation for the next crisis. A primary step taken during the financial crisis was massive monetary stimulus, including both the Troubled Asset Relief Program—where the government bought toxic assets from weakened financial institutions—and quantitative easing, where the Federal Reserve bought government bonds in order to lower interest rates and spur more investments and make equities more attractive.
U.S. government bond prices fell Friday after a Labor Department report showed that wages rose more than expected in August. The yield on the benchmark 10-year Treasury note rose to 2.944%, the highest since Aug. 8, from 2.877% Thursday. The yield on the two-year Treasury note, which typically tracks expectations for Federal Reserve interest-rate policy, rose to 2.706%, the highest since July 2008, from 2.641% Thursday.
Overall, the data strongly suggests the Fed is likely to raise rates in December and perhaps as many as four times in 2019. However, these hikes are not yet a done deal based on the performance in the financial futures markets. The fresh data does, however, help push the Fed in the direction of raising rates.
SINGAPORE (AP) — Asian stocks were mostly lower on Thursday as the U.S. and China moved closer to imposing tariffs on billions of dollars of each other's goods, sounding a call of caution in the markets.
U.S. government bond prices fell Tuesday as investors awaited a heavy supply of corporate bonds this month, and manufacturing data showed factory activity accelerated in August. On Tuesday, some investors sold government bonds to raise cash to buy into higher-yielding company bond offerings, which could include debt sales by Pfizer Inc. and Unilever, analysts said. September tends to be a month when companies try to raise money in the bond market, as most participants in the financial markets have returned from summer holidays. chris wattie/Reuters Fed funds futures indicate the probability the Federal Reserve will raise interest rates at least two more times this year were 75% late Tuesday.
Asian shares fell Friday following a report that the Trump administration could put tariffs on $200 billion in Chinese goods as early as next week. KEEPING SCORE: Japan's benchmark Nikkei 225 lost nearly ...
U.S. government bonds edged higher Thursday after an array of economic reports delivered a mixed message. Yields rose briefly after the Labor Department said Thursday that the number of Americans filing applications for new unemployment benefits fell last week for the third straight week, continuing to hover near historic lows. Initial jobless claims, a proxy for layoffs across the U.S., dropped by 2,000 to a seasonally adjusted 210,000 in the week ended Aug. 18.
U.S. government bonds fell Tuesday as investors and analysts assessed whether President Trump’s concerns about the Federal Reserve’s moves to increase interest rates have potential to alter the path of monetary policy. Yields rose as many investors said they are skeptical that Fed Chairman Jerome Powell will steer policy makers away from the two rate increases they have penciled in for the balance of the year, or from their rate-increase forecast for next year, as long as economic data continue to warrant them. Yields had fallen Monday after Mr. Trump said in a Reuters interview that he was “not thrilled” with Mr. Powell and that he expected “more help” from the central bank.