|Day's Range||2.5490 - 2.5830|
|52 Week Range||2.3560 - 3.2480|
Rates for home loans were modestly higher, but consumer demand, as measured by applications for mortgages, remained robust.
Wall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks ago.
There’s a lot of concern that the U.S. economy experienced an “inverted yield curve” on Friday. That’s when the interest rate on short-term Treasurys, such as 3-month bills (BX:TMUBMUSD03M) or 2-year notes (BX:TMUBMUSD02Y) is higher than on longer-term debt, such as 10-year notes (BX:TMUBMUSD10Y) or 30-year bonds (BX:TMUBMUSD30Y) It’s rare for short-term instruments to pay more than long-term ones.
Jeff Jonas of Gabelli talks about a closed-end fund that invests in the health-care and consumer staples sectors.
Follow along as Attorney General William Barr holds a press conference and the redacted version of the Mueller report gets released. MarketWatch will be providing coverage throughout the day on what’s in the report and what it means for all the key players in Washington, D.C.
The number of people who applied for unemployment benefits in Mid-April fell for the fifth week in a row to a nearly 50-year low of 192,000, a remarkably small level of layoffs that gives the economy a sturdy foundation on which it can continue to grow despite recent hiccups. Jobless claims slipped by 5,000 to 192,000
Sales at U.S. retailers surged in March by the most in a year and a half, the latest in a string of reports suggesting the economy is firming up after a soft spell of growth earlier in the year. Retail sales soared 1.6% last month.
The Philadelphia Fed‘s manufacturing index declines to a reading of 8.5 in April from 13.7 in March.
Treasury prices rise Thursday, pushing yields lower, as a weak eurozone purchasing managers index suggests Europe is still contending with serious economic headwinds.
A survey of economic conditions in the U.S. rose in March after hardly any gain in the first two months of the year, pointing to steady if unspectacular growth in the months ahead. The leading economic index increased 0.4% in March.
High-yield corporate bonds are off to the best start to a year since 2009 after the Fed’s dovish pivot.
Herman Cain said Wednesday he had no plans to withdraw from consideration for a seat on the Federal Reserve Board, according to a report by the Wall Street Journal. While President Donald Trump has not sent Cain's nomination to Capitol Hill, several Senate Republicans have already said they would not support him. That means the former CEO of a pizza company, and candidate for the Republican presidential nomination in 2012, would need support from Democrats to be confirmed. Cain said the Fed needs "new voices."
Treasury yields come off intraday highs on Wednesday after investors look past a round of upbeat Chinese economic data
The nation’s trade deficit fell 3.4% in February to the lowest level in eight months owing to higher exports of autos and airplanes, but the recent downward trend appears to stem from one-off events that probably are not sustainable.
TOKYO (AP) — Stock markets were mostly higher Wednesday after news that China's economy grew at a better than expected 6.4% annual pace in the last quarter failed to entice wary investors focused on weaker U.S. corporate earnings.
U.S. government debt prices fell on Wednesday as investors kept their focus on a slew of corporate earnings for the first-quarter of this year.
The trend toward less accommodative financial market conditions has reversed this year, as the Fed moved to the sidelines, an IMF chart shows.
For all the stated concern about Fed independence, it’s not easy to find signs financial market participants are losing confidence in the central bank.
Hedge funds and other large speculators are paying more to protect against a decline in the greenback than they are for calls versus the euro and its other major peers, according to Bloomberg News’s Todd White. The big sell-off in stocks in the fourth quarter was partly triggered by the U.S. currency, which strengthened as the Fed doubled down on its hawkish rhetoric. Although equities have largely recovered, investors need to keep a close eye on the dollar.
Lindsey Bell, CFRA Investment strategist, says that in the wake of good earnings “economic data has been pretty decent” with jobless claims at a 50-year low and retail sales that were much better than expected. Ryan Detrick, LPL Financial Senior Market Strategist, adds that the data shows “this is not the beginning of a recession, this is just an economic slowdown that we had in the first quarter.” Yahoo Finance’s Alexis Christoforous speaks to them, Brian Sozzi and Scott Gamm.
James Bullard, Chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, says the “outlook is still very stable for the U.S. economy” and expects “2% growth at an annual rate for the second quarter.” Yahoo Finance’s Brian Cheung speaks to him.
It’s a big week for the IPO market with 8 IPOs pricing this week alone. Yahoo Finance’s Alexis Christoforous speaks to Brian Sozzi about the insurance company Palomar Specialty, which will make its debut on the NASDAQ today.