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U.S. government debt yields were on track for weekly decline on Friday as investors looked to safer assets amid weaker economic data.
U.S. government debt yields continued to fall Thursday morning after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods.
U.S. government debt ticke higher Monday after President Donald Trump said U.S. tariffs on goods from Mexico would be suspended.
With lackluster May jobs report fueling the odds of an easier monetary policy by the Federal Reserve, one top economist is slamming the brakes on a rate cut. According to Neil Dutta, Head of Economics at Renaissance Macro, June/July timeframe still feels a little too soon for a rate cut.
The Dow Jones Industrial Average is rising after the market decided to that a weak payrolls report was good news as long as it meant that the Federal Reserve will cut interest rates. The Dow has gained 124.47 points, or 0.5%, to 25,845.13 Friday morning, while the S&P 500 has risen 0.5% to 2858.67 and the Nasdaq Composite has gained 0.6% to 7662.87. The unemployment rate held steady at 3.6%, in-line with estimates, while average hourly earnings grew by just 0.2% in May from April, short of expectations for 0.3%.
Treasury yields fell Friday after the U.S. government said the economy added far fewer jobs than expected during the month of May.
Expectations of a dovish Federal Reserve have revived the 10-year yield this week, but Chad Morganlander, portfolio manager at Washington Crossing Advisors, says the bounce could be short-lived.
U.S. government debt yields slumped after a gauge of private employment data showed a sharp contraction in job creation.
BANGKOK (AP) — Shares in Europe are bouncing back Tuesday and Wall Street appears headed for gains as Mexico tries to ease trade tensions with the U.S., while President Donald Trump meets with Britain's prime minister and leading CEOs amid questions over Brexit.
Stocks tumbled Friday after President Donald Trump unexpectedly announced he would be unleashing tariffs of up to 25% on all Mexican imports, adding to trade concerns that have plagued investors for weeks.
Some think bond investors are trying to force a neutral Federal Reserve into a new rate-cutting cycle. Here's why they won't get their wish.
Wall Street stocks eked out modest gains on Thursday after two straight declines, even as petroleum-linked shares tumbled with oil prices. Analysts said shares had been oversold during a weak May due to rising trade tensions and a drop in US Treasury bond yields that is seen as a harbinger of economic weakness. In the latest step in the protracted trade war, Chinese state media continued to ramp up criticism of the United States, and Chinese authorities reportedly suspended state purchases of American soybeans.
U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99% from 4.06% last week. Nervous investors continue to shift money from volatile stocks to the bond market, pushing up bond prices and depressing their yields.
Wall Street suffered another painful session on Wednesday, as trade brinkmanship with China and fears for the US economy were compounded by worries President Donald Trump could be impeached. Weakness in the 10-year Treasury note, a sign investors fear growth is slackening, also persisted, with yields falling to a new 20-month low during the day.
All three major stock market indexes closed in the red on Wednesday as trade war concerns and an inverted yield curve spooked investors about recession risks ahead
Stocks extended declines Wednesday morning as slumping bond yields sparked concerns of weaker economic growth, which could be exacerbated by a protracted trade war with China.
Asian shares were mostly lower Thursday after another round of selling on Wall Street and investor worries about a trade war. Japan's benchmark Nikkei 225 dropped nearly 0.9% in morning trading to 20,824.91. The latest market slide comes as investors worry that the trade war between the U.S. and China will derail global economic and corporate profit growth as it drags on with no sign of a resolution.