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Federal Reserve officials remain “patient”, saying rates will likely remain unchanged well into the future. Frances Stacey, Optimal Capital Director of Strategy, joins. Seana Smith on 'The Ticker' to break down the recent FOMC minutes and what lies ahead for the U.S. economy.
UBS is warning higher tariffs could force 12,000 stores to close within a year, putting more than $40 billion of sales at risk. John Petrides, Managing Director at Point Wealth Management, joins Seana Smith on ‘The Ticker’ to discuss how retailers are competing against ecommerce giants amid trade tensions.
Ford is unveiling new details of its staffing plans, including cutting 7,000 white collar jobs. Yahoo Finance's Alexis Christoforous, Brian Sozzi and Scott Gamm speak with David Leduc of Mellon Investments about the latest market news.
At around 03:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.3714%, while the yield on the 30-year Treasury bond was also lower at around 2.7984%. The U.S. Treasury is set to auction $45 billion in 4-week bills, $35 billion in 8-week bills and $11 billion in 9-year-and-8-month Treasury Inflation-Protected Securities (TIPS). U.S. government debt prices were higher Friday morning, as investors prepared for a deluge of economic data and Treasury auctions.
Foreigners increased their purchases of U.S. 10-year Treasury notes in early May in a lacklustre auction that had stoked speculation China was cutting back on buying in retaliation for the threat of sharply higher U.S. tariffs on Chinese goods. China, which is the largest foreign holder of U.S. government debt, had $1.121 trillion worth of Treasuries at the end of March, Treasury data showed. The Treasury Department’s auction allotment data do not offer a breakdown of foreign purchases by countries.
Treasury prices rise Wednesday, pushing yields lower, as Brexit uncertainty draws investors into haven assets, following reports that U.K. Prime Minister Theresa May is facing a potential coup.
Dallas Fed President Robert Kaplan said Wednesday that he is solidly in the "patient" camp on interest rates and had no position on whether the next interest rate policy move will be to ease or tighten. Asked on the Fox Business Network if the next move by the Fed would be a rate cut, Kaplan replied: "We're basically, I think, at the right policy setting. I'm sort of agnostic at this point between about moving rates up or down." Kaplan said he would need to see something "compelling" that would cause him to end this patient stance. Financial stability concerns was one reason not to cut rates now, he said. "I'm hesitant while we're at or past full employment and the economy is running at solid rates... that adding further accommodation to the economy could create excesses and imbalances that could be painful to deal with in the years ahead," Kaplan said. While he is not a voter, Kaplan is influential given that he is a member of a small subcommittee of Fed officials that focuses on communication strategy.
The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a wait-and-see approach was warranted, the officials said. Officials were split on the outlook for interest rates. A few officials said there might be a need for higher rates if the economy evolves as they thought. But others thought higher productivity might mean there was more economic slack than the low unemployment rate might suggest. Several others expressed worry about the risk of low inflation readings leading to lower expectations of future inflation, but did not call for a rate cut. Many said that the recent low inflation readings were transitory. In addition to interest-rate policy, there was a lengthy discussion, but no decision, about what types of Treasurys the central bank should hold once its balance sheet stops shrinking.
U.S. government debt prices were slightly higher Wednesday morning, as investors await the minutes of the Federal Reserve's latest meeting.
Treasury prices fall slightly Tuesday, pushing yields up, as a short respite from market jitters weighs on demand for government paper, even as investors keep an eye on trade uncertainty
The Fed should take its cues from falling bond yields and lower short-term interest rates, says economist Art Laffer. "I do think it's in the cards," says Laffer, formerly an economic advisor to presidents Donald Trump and Ronald Reagan. The bond market signals an increasing likelihood of the next Fed move being a reduction in the cost of borrowing money.
U.S. government debt prices were higher Tuesday, as investors monitor the latest batch of economic data reports and Treasury auctions.
The dollar was steady near a 2-1/2-week high on Tuesday, supported by higher U.S.-yields and its safe-haven status, with growing worries that the U.S.-China trade war could worsen following Washington's crackdown on China's Huawei Technologies. Global equities have taken a hit this week, with share prices in chipmakers falling in the wake of the U.S. moves against Huawei. Federal Reserve Chair Jerome Powell said on Monday that it was premature to make a judgement about the impact trade and tariff issues could have on monetary policy.
Treasury yields rise on Monday, after an earlier slide, with the two-year Treasury note hitting a 10-day high as U.S.-China trade tensions remain a focus for investors.
U.S. government debt yields slipped Monday morning, as investors prepared for comments from Federal Reserve Chairman Jerome Powell.
U.S. stocks on Friday wrap up a Byzantine journey into negative territory, a period that began with the worst day for stocks since January, but was followed by sessions marked by uncanny intraday swings that helped equities to limit losses.
Speculators' net bearish bets on U.S. 10-year Treasury note futures rose earlier this week after China and the United States increased tariffs on each other's goods, according to Commodity Futures Trading ...
Treasury prices fall Friday after Chinese state media suggest a resumption in trade negotiations may not take place as soon as anticipated.
Nancy Davis, the chief investment officer and founder of advisory firm Quadratic Capital, is the brain behind a new exchange-traded fund on Wall Street that aims to offer prospective investors ways to bet on inflation, the shape of the yield curve and a sharp rise in interest rates.
Rates for home loans slid to two-month lows, in line with the broader bond market, even as all eyes are trained on the housing market for signs of how the crucial spring selling season will shape up. The 30-year, fixed-rate mortgage averaged 4.07% in the May 16 week, Freddie Mac said Thursday, down three basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.66%, up three basis points.
Government debt yields slipped on Friday amid U.S.-China trade tensions and a breakdown in Brexit talks in the U.K.
Treasury prices fall slightly Thursday, pushing yields higher, as the rally in equity futures weighs on demand for haven assets like government paper.
Market participants say the latest data on foreign holdings of Treasurys demonstrate why dumping U.S. government paper stood as one of the more ineffective forms of retaliation in a trade dispute.
Alessio de Longis, OppenheimerFunds portfolio manager for the Global Multi-Asset Group, talked to Yahoo Finance On the Move about whether investors should be worried about the inverted yield curve.
U.S. government debt prices ticked higher Thursday after President Donald Trump declared a national emergency over threats against American technology.