|Day's Range||3.04 - 3.05|
|52 Week Range||2.31 - 3.25|
U.S. financial markets are closed on Thursday for the Thanksgiving Day holiday. But the market has another reason to be thankful on Friday.
Apple shares continue to slump, with German-listed units falling to the lowest level since July, amid multiple reports of tepid iPhone demand, dragging supply-chain stocks and broader tech shares lower in markets around the world. Oil prices slide as U.S. production rates, slowing global demand, offset talk of Saudi-lead output cuts from OPEC next month in Vienna. U.S. equity futures retreat in-line with global stocks, with the Dow called 100 points lower and the Nasdaq set for a 30-point opening bell decline.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 3.3048 percent, while the yield on the 30-year Treasury bond was also lower at 3.0464 percent. It comes after sharp losses on Wall Street in the previous session, with technology firms tumbling amid concerns about softening demand. The U.S. Treasury is set to auction $50 billion in four-week bills and $30 billion in eight-week bills on Tuesday.
Treasury prices rose, pushing yields lower, as stocks dropped on Monday after a confidence gauge for home builders suggested higher interest rates are weighing on activity in the sector.
Treasury yields swung into negative territory after an index gauging confidence among homebuilders showed a sharp plunge. The 10-year Treasury note yield was down 0.4 basis point to 3.070%, after touching an intraday high of 3.096%. The 2-year note yield fell 1.6 basis points to 2.796%, while the 30-year bond yield was up 0.5 basis point to 3.331%. Bond prices move in the opposite direction of yields. The NAHB's confidence index fell eight points to 60 in November, its biggest drop since Feb. 2014. The home construction industry has been assailed by higher mortgage rates, in turn, driven by the general climb in Treasury yields this year as the Federal Reserve continues on in its path to normalize rates.
U.S. government debt prices were lower Monday morning, as investors closely monitored simmering global trade tensions and prepared for Treasury auctions.
Rates for home loans were mostly unchanged in the most recent week, of little use to anyone trying to buy a home - there are few good options - or refinance - most everyone who could benefit already has.
A puzzling dynamic is playing out in the options market. U.S. stock indexes logged weekly losses after having violently gyrated up and down in recent weeks. S&P 500But investors aren’t rushing to buy stock protection—options that hedge against a deeper swoon.
U.S. government bond prices rose for a fifth consecutive trading session on Friday as investors assessed how recent volatility in markets from stocks to oil is affecting the economy and Federal Reserve policy. Yields, which fall when bond prices rise, declined after Fed Vice Chairman Richard Clarida on Friday emphasized the importance of relying on economic data to inform central bank policy as interest rates approach their so-called neutral rate. On Wednesday, Fed Chairman Jerome Powell said policy makers are monitoring the slowdown in global growth for signs that it could affect growth in the U.S. He also noted that recent declines in stocks could weigh on the economy by contributing to tighter financial conditions.
It’s hard to imagine a more chaotic run-up to Britain’s exit from the European Union. Here’s why investors can’t ignore it.
Speculators' net bearish bets on U.S. 10-year Treasury note futures fell by the biggest amount in 1-1/2 years in the latest week, spurred by safe-haven demand for U.S. government debt due to a sharp selloff ...
Treasury yields slump on Friday, extending their weeklong decline, after a senior Federal Reserve official issues concerns over softer global growth, potentially opening the door to fewer rate hikes than expected next year
US stocks ended a see-saw session in positive territory on Friday as surging real estate and utilities shares offset a lacklustre day for the technology sector. Wall Street also received a boost after ...
U.S. government bonds edged higher Thursday as fresh worries about the U.K.’s pending breakup with the European Union helped dampen expectations for tighter monetary policies and boosted the appeal of safer assets. Yields, which fall when bond prices rise, declined overnight as a series of U.K. government ministers quit in protest over a draft Brexit deal that British and EU negotiators reached on Tuesday. On Wednesday, Mrs. May secured approval from her cabinet for the pact, which would bind the U.K. to the EU for years after it formally quits the bloc in March.
Yields came off their lows in the afternoon after the Financial Times reported that U.S. Trade Representative Robert Lighthizer has told some industry executives another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks. U.S. stocks, which had been in the red for most of the day, rallied on the FT news, notwithstanding the denial, helping Treasury yields limit their fall. "The market was in a risk-off mode heading into the early part of the day just because of Brexit.
Investors snapped up U.K. government bonds Thursday, pulling down yields, as they sought shelter from geopolitical uncertainty in Britain after key ministers in U.K. Prime Minister Theresa May’s government resigned over her draft Brexit plan. Treasurys yields also fell on the Brexit uncertainty, but came off session lows after a news report, later denied by U.S. Trade Representative Robert Lighthizer, that the Trump administration was postponing tariffs on Chinese imports. The 10-year Treasury note yield (BX:TMUBMUSD10Y) was down 0.4 basis point to 3.116%, after having fallen as low as 3.081%.
SINGAPORE (AP) — Shares were mixed in early trading in Asia on Friday on revived concerns over the prospects for a breakthrough in trade tensions between the U.S. and China.
The Dow Jones Industrial Average fell more than 100 points Thursday morning as Amazon and Walmart led a slide in consumer discretionary-related stocks.
Wall Street erased earlier losses to post solid gains on Thursday, mounting a comeback as technology and energy shares climbed. The S&P 500, down more than 1 per cent in morning trade, closed nearly 1.1 per cent higher to snap a five-day losing streak.
U.S. government bond prices rose Wednesday as stocks came under fresh selling pressure, driving up demand for the relative safety of sovereign debt. The yield on the benchmark 10-year U.S. Treasury note settled at 3.120%, down from 3.145% Tuesday as it fell for the third consecutive session. Yields, which rise as bond prices fall, advanced early in the trading day as oil prices rallied, coming out of their 12th straight loss Tuesday—crude’s longest-such losing streak ever.
Yahoo Finance’s Alexis Christoforous speaks to Penn Mutual Asset Management CIO Mark Heppenstall about why he thinks heightened volatility should be the focus in the markets.
Even though the markets experienced a big drop in October, some analysts say they expect to see a rebound to close the year. Yahoo Finance’s Alexis Christoforous and Banyan Hill Research Senior Analyst Ian King discuss.