|Day's Range||2.6720 - 2.6970|
|52 Week Range||2.5540 - 3.2480|
Oppenheimer Funds' Alessio de Longis joins Yahoo Finance's Adam Shapiro and Akiko Fujita to talk stocks and the economy.
Sandip Bhagat, Whittier Trust CIO, says the shutdown creates uncertainty and therefore a resolution is positive news. Yahoo Finance’s Alexis Christoforous speaks to Scott Gamm, Brian Sozzi and Bhagat.
Alicia Levine, BNY Mellon Investment Management Chief Market Strategist, says that the 60 day extension in trade negotiations between the U.S. and China "extends the uncertainty" in the markets. Yahoo Finance's Alexis Christoforous speaks to her.
Rates for home loans continued their downward trajectory, helped by concerns about the global economy, even as they boosted American house-hunters’ buying power.
Treasury prices pull back Thursday, pushing up yields on signs of progress on U.S.-China trade talks and as investors sort through a big round of economic data.
Sales of previously-owned homes declined for the third month in a row, price growth is tepid, and properties aren’t flying off the market the way they used to - all signs of a cooling housing market. The question now is, will it perk up in the spring?
St. Louis Fed President James Bullard said Thursday he thinks the economy is slowing but he's not too worried about the risk of a recession. "It does seem the economy is slowing down some - not terribly - but some," Bullard said in an interview on CNBC. Bullard said he expects the economy to slow to a 2.25% annual rate this year from 3% in 2018. "That's not a terrible outcome," he said. Bullard, who is a voting member of the Fed's interest-rate committee this year, said recession probabilities have "ticked up" in economic models, but added "I don't really think we're in any trouble." The St. Louis Fed President said an interest rate cut this year was possible but was not his "baseline case." "I think you'd have to see some inflation decline or inflation expectations decline...possibly with some economic weakness to get a rate cut," he said.
U.S. government debt yields rose Thursday amid reports the U.S. and China have begun outlining a deal to end their protracted trade war.
Treasury prices and yields were left mixed Wednesday after minutes from the Federal Reserve’s January meeting showed officials divided over future rate hikes but in favor of bringing the unwind of the central bank’s balance sheet to an end this year.
Federal Reserve officials broke into two camps about future interest-rate hikes, according to minutes of the January meeting released Wednesday. One camp of "several" officials argued that rate increases might be needed only if inflation outcomes were higher than the baseline forecast. However, several other officials thought it would be appropriate to raise the federal funds rate later this year if the economy evolved as expected. Officials said they thought being patient posed "few risks at this point." Many officials said that when the uncertainty over the outlook abated, the Fed would need to reassess the characterization of policy as "patient." As far as the balance sheet, "almost all" participants wanted to stop reducing the balance sheet later this year as they mostly agreed to reinvest mortgage-backed securities into Treasurys once the runoff stops.
Treasurys gain ground, pulling down yields as U.S. investors return from a three-day weekend and continue to eye U.S.-China negotiations and other trade rumblings.
Speculators' net bearish bets on U.S. 10-year Treasury note futures rose in late January from their lowest level in about a year, according to Commodity Futures Trading Commission data released on Tuesday. ...
The White House said a new session of trade discussions would take place Tuesday, with higher level talks due later this week. China accused the U.S. of blocking its industrial development by claiming Chinese mobile gear could pose a cybersecurity threat to countries rolling 5G. Investors are anticipating minutes from the Federal Reserve's latest policy meeting and other economic data later in the week.
MARKET EXTRA U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday. The New York Stock Exchange and Nasdaq will shutter on Feb.
Jeffrey Gundlach warns that buyers of December's low will accelerate selling when that buy goes underwater.
Treasury yields on Friday mostly rise for the day, pushing government bonds to the best weekly gains in about a month as investors looked past bonds to riskier assets while digesting apparent progress in Sino-U.S. tariff negotiations.
Rates for home loans fell again, offering a respite for home buyers, even as skittish investors search for safer assets.
Speculators' net bearish bets on U.S. 10-year Treasury note futures fell to their lowest level in nearly a year on Jan. 22 as they reduced these positions due to economic and trade concerns, according ...
Wall Street notched its third straight week of gains on Friday, with the Nasdaq clawing out of a bear market, as US-China trade talks continued to buoy investor sentiment. The S&P swung 1.1 higher to 2,775.60, led by the financial sector, which rose 2 per cent. Energy, up 1.6 per cent, and healthcare, up 1.5 per cent, also saw strong gains. The Nasdaq Composite was up 0.6 per cent at 7,472.41, taking the index more than 20 per cent above its December 24 low, which some investors regard as marking an end of the tech-heavy index’s bear market late last year.
U.S. government debt prices were higher on Friday morning, as market participants continued to monitor trade talks between China and the U.S. and awaited fresh data.
U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index.
Treasurys rallied, pulling down yields, after a weak round of data, including a subdued reading on the producer-price index and a delayed but disappointing reading on retail sales for December.