^TNX - Treasury Yield 10 Years
| Previous Close | 1.7860 |
| Open | 1.7580 |
| Volume | 0 |
| Day's Range | 1.7490 - 1.7820 |
| 52 Week Range | 1.4290 - 3.2480 |
| Avg. Volume | 0 |
- Yahoo Finance Video
Fed cuts interest rates, divided over future moves
The Federal Reserve may have voted to lower interest rates this week by a 7 to 3 vote, but what move the central bank makes next is a bit of a mystery especially with some division among ranks. Nick Maroutsos, co-head of global bonds for Janus Henderson Investors, joins Yahoo Finance to discuss what lies ahead.
- Yahoo Finance
Trump hammers Fed, Powell for lack of 'guts' and 'vision' on rate cut
President Donald Trump accused the central bank and Fed Chair Jerome Powell of having “no guts” for not meting out a more aggressive cut.
- MarketWatch
U.S. leading economic indicator index flat in August, trends point to continued but slow growth
The leading economic index was flat in August after a big gain in the prior month, the Conference Board said Thursday. The recent performance of the index is consistent with "a slow but still expanding economy," said Ataman Ozyildirim, senior director for economic research at the Conference Board. Strength in housing permits and credit growth offset weakness from manufacturing.
- MarketWatch
Global economy growing at slowest pace since recession, OECD says
The Organization for Economic Cooperation and Development on Thursday downgraded its assessment of the global economy to the worst growth rate since the financial crisis.
- MarketWatch
U.S. government bond yields edge lower a day after Fed’s rate cut
U.S. Treasury yields on Thursday retreated, a day after the Federal Reserve cut interest rates, with divisions within its rate-setting ranks casting doubt on the Federal Open Market Committee’s appetite for quantitative easing and further interest-rate reductions.
- MarketWatch
Fed completes 3rd straight repo auction to avoid short-term rate surge
The New York Federal Reserve Thursday morning completed its third repurchasing operation, or repos, in as many days to stem spikes in crucial overnight funding market for financial institutions. The U.S. central bank carried out $75 billion of repos, with the Street submitting bids for $83.875 billion, sources said, providing liquidity for Wall Street dealers by temporarily buying securities. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed-funds rate close to the top of its targeted range. The incident has stirred worries that the central bank is at risk of losing its grip over its benchmark interest rate. On Wednesday, Federal Reserve Chairman Jerome Powell said at a news conference that the central bank is likely to execute similar auctions and said he doesn't see the recent jump in overnight money-market rates on Monday and Tuesday as a "having implications for the broader economy, or for the economic outlook, nor for the our ability to control rates."
- MarketWatch
U.S. current-account deficit narrows 5.9% in second quarter
The U.S. current-account deficit, a measure of the nation's debt to other countries, narrowed by 5.9% in the second quarter, the government said Thursday. The current-account deficit narrowed to $128.2 billion from a revised $136.2 billion in the first quarter. The narrowing of the deficit primarily reflected an expanded surplus of primary income, mostly increases in portfolio investments. The current account deficit was equal to 2.4% of GDP in the second quarter, down from 2.6% in the first quarter. This is well below the peak of 6.3% in 2005.
- MarketWatch
New York Fed plans repo operation for third straight day
The New York Fed said it would conduct an overnight repurchasing operation for the third time this week at 8:15 a.m. Eastern on Thursday. The U.S. central bank will offer up to $75 billion of repos, temporarily buying securities from Wall Street dealers to inject liquidity into the system. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed funds rate above its target range. Fed Chairman Jerome Powell said in a Wednesday press conference that the central bank would stand ready to use its current tools to address pressures in money markets.
- MarketWatch
Short-term Treasury yields pare decline after Fed divided on need for further rate cuts
U.S. Treasury yields come off their intraday lows on Wednesday after the Federal Reserve’s policy statement highlights the divisions within its policy making committee on the need for additional rate cuts after September.
- MarketWatch
Treasury yields remain lower as Fed cuts rate by quarter point
Treasury yields remained lower after the Federal Reserve cut its benchmark interest rate by a quarter point to a range between 1.75% to 2.00%, as expected. The 10-year Treasury note yield slipped 5.3 basis points to 1.761%, while the 2-year note yield was down 4.9 basis points to 1.688%. Bond prices move in the opposite direction of yields. But three voters on the Federal Open Market Committee dissented against the rate cut. The majority of Fed officials anticipated no further rate cuts this year, with the minority forecasting another reduction.
- Reuters
WRAPUP 6-Fed cuts interest rates, signals holding pattern for now
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as "favorable," Fed Chair Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. "If the economy does turn down, then a more extensive sequence of rate cuts could be appropriate," Powell said in a news conference after the Fed announced it had lowered its benchmark overnight lending rate by a quarter of a percentage point to a range of 1.75% to 2.00%.
- MarketWatch
Fed funds rate trades at 5 basis points above target range
The fed funds rate traded on Tuesday 5 basis points above the upper bound of its target range between 2.00% to 2.25%, according to Federal Reserve data released Wednesday morning. The recent climb in overnight repurchasing rates, used by hedge funds and other leveraged investors to finance their trading operations, has resulted in a knock-on increase in the fed funds rate. Since both are short-term sources of funding, a rise in the overnight repurchasing rate means that borrowers in fed funds have to pay up to attract investors. The fed funds rate pushing above its target range underlines analysts' concerns that the U.S. central bank is having trouble keeping its benchmark interest rate at its desired levels. The Fed launched $75 billion of overnight repos on Wednesday morning, in order to inject liquidity bank into the system and to bring the fed funds rate in line within its preferred range. This is the Fed's second repo operation this week.
- MarketWatch
Fed carries out repo operation for second straight day
The New York Fed held an overnight repurchasing operation for the second time this week on Wednesday morning. The U.S. central bank carried out the full $75 billion of repos, temporarily buying securities from Wall Street dealers to inject liquidity into the system. Earlier this week, a surge in the repurchasing rate, used by hedge funds and banks to fund their trading operations, pushed the fed funds rate close to the top of its targeted range. The incident stirred worries that the central bank is at risk of losing its grip over its benchmark interest rate.
- MarketWatch
Gundlach says Fed took baby step toward QE with repo operation
Bond investor Jeffrey Gundlach said the Federal Reserve will take the disruption in short-term money markets as a warning sign.
- MarketWatch
Treasury yields fall as Fed meeting gets underway
U.S. Treasury yields retreat on Tuesday as investors as investors gear up for the Federal Reserve’s policy decision on Wednesday, from which a quarter percentage point interest rate cut is expected.
- MarketWatch
Bull trend absorbs oil shock, S&P 500 maintains first support
Technically speaking, the major U.S. benchmarks have weathered a September oil shock against a still comfortably bullish bigger-picture backdrop, writes Michael Ashbaugh.
- MarketWatch
New York Fed carrying out repo operation to keep fed funds rate in target range
The New York Federal Reserve bank said it was carrying out up to $75 billion worth of repuchase agreements, or repo, on Tuesday between 9:30 a.m. Eastern to 9:45 a.m. They said the move would help bring back the central bank's benchmark interest rate, or the federal funds rate, back to its target range of between 2% to 2.25%. Market participants have complained this week that a lack of liquidity in funding markets has pushed the fed funds rate above the interest rate on excess reserves, and that the central bank had lost its grip over short-term interest rates. Analysts say the repurchase operations will boost reserves at banks and help ease funding pressures.
- MarketWatch
Treasury yields slump after Saudi Arabian oil facilities hit by drone attack
Treasury yields fall Monday, reversing a chunk of last week’s surge, after an attack on Saudi Arabian oil production facilities sends oil prices higher.
- MarketWatch
It’s reflation that’s turning the ‘Great Rotation,’ these analysts say
Investors are shunning higher-priced, sturdier stocks in favor of those that may have missed out on the love earlier in the year.
- Yahoo Finance Video
How far will the Fed go with rate cuts?
The Fed 2-day meeting wraps today with an expected rate cut announcement from Jay Powell. Yahoo Finance's Julie Hyman, Adam Shapiro, Krishna Memani, Invesco Vice Chair of Investments and Danielle DiMartino Booth, Quill Intelligence CEO and Chief Strategist discuss.
- Yahoo Finance Video
Investors staying ‘cautious’ with Fed set to decide interest rate path
The Federal Reserve’s Open Market Committee aren’t the only ones closely watching the risks facing the global economy. Noah Hamman, CEO of AdvisorShares, says investors are staying cautious, too. He spoke with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Aaron Anderson, Fisher Investments senior vice president of research.
