|Day's Range||3.18 - 3.21|
|52 Week Range||2.30 - 3.25|
Yahoo Finance's Seana Smith and Adam Shapiro talk markets-- with a focus on emerging markets John Creswell, executive managing director at Duff & Phelps
Federal Reserve officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday of the central bank’s most recent policy meeting.
U.S. government bond prices fell Friday as investors speculated that the Federal Reserve may want to raise interest rates higher than previously expected. Treasury yields rose Friday as investors assessed recent comments from Fed officials that suggest the central bank could raise interest rates above the so-called neutral level -- a point when monetary policy no longer supports growth but isn’t yet restrictive. Minutes from the Fed’s September meeting released Wednesday showed that officials are debating whether they will need to raise interest rates to levels sufficient to slow down a fast-growing economy to prevent it from overheating.
* Speculators raise ultra bond net shorts to record high * Fund managers raise net longs in 10-year T-notes * Speculative net shorts in Eurodollar, fed funds increase (Adds details on Fed minutes, market background, other data) By Richard Leong Oct 19 (Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures fell a tad earlier this week before Federal Reserve's release of minutes from its policy meeting last month, according to Commodity Futures Trading Commission data released on Friday. The Treasuries market had stabilized earlier this week from heavy losses in the previous two weeks due to jitters about rising inflation and a faster pace of interest rate increases from the Federal Reserve. The Fed's record of its Sept. 25-26 meeting suggested a few policymakers are open to raising short-term interest rates above a "neutral" level as the economy has been growing faster than their forecast.
Italian 10-year government bond yields retreat from their multiyear high on Friday as a European Union official said he wanted to reduce tensions with Rome over its budget plan
Today, it looks like it’s moving back into the green, thanks in part to China taking some measures to support its stock market. The sagging Chinese stock market rebounded more than 2.5 percent Friday after Beijing announced measures designed to support liquidity and share buybacks and to encourage merger & acquisition (M&A) activity. Honeywell International Inc. (NYSE: HON) beat Wall Street analysts’ earnings per share estimate and matched on revenue, but lowered guidance.
Rates for home loans edged lower in the most recent week, but a few basis points of financing relief won’t help the housing market as much as fresh inventory would.
Bond investors are looking ahead to speeches from Federal Reserve members and monitoring a sell-off in international bond markets. On the data front, existing home sales numbers are due at 10 a.m. ET. U.S. government debt prices ticked lower Friday morning with investors looking ahead to speeches from Federal Reserve members and monitoring a sell-off in international bond markets.
Treasury yields pared their rise on Thursday as investors grappled with a selloff in Italian debt that could be drawing investors into the perceived safety of U.S. government paper.
Gold futures end higher Thursday with a decline in the U.S. stock market boosting investment interest despite strength in the dollar, which tends to put some pressure on dollar-denominated prices for the metal.
Russian President Vladimir Putin said the country had slashed its holdings of Treasurys to circumvent U.S. sanctions, according to the Associated Press. Russian holdings of U.S. government bonds fell around $80 billion between March and May, according to the widely-watched Treasury International Capital report. Justifying the decision, Putin said "we did that not because we wanted to undermine the dollar, but because of sanctions that have been introduced against us." Investors had speculated earlier that the Moscow may have unwound its holdings to circumvent sanctions, but skeptics suggest Russia may have shifted its stock of U.S. government bonds to other countries to avoid scrutiny from Washington. Reports of Russian selling coincide with the 10-year Treasury note yield's surge to 3.109% on May 17, from 2.732% on April 2, with some analysts arguing the sales may have been a contributing factor. Bond prices move in the opposite direction of yield.
Finding the actual cause of heartburn is important, because it could lead to anything from indigestion to heart attack. Last week, stocks had a “heartburn week.” Knowing the cause will help understand whether this is indicative of “indigestion” (aka a correction) or a “heart attack” (aka a crash). Do you know why the S&P 500 (SPX) lost as much as 6.4%, the Nasdaq-100 (NDX) as much as 7.2%, and the Dow Jones Industrial Average (DJIA) as much as 6.2%?
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Posted by OFX Australian Dollar The AUD/USD pair reached a weekly low of 0.7096 by the end of the US session as risk aversion took over the market. US equities fell for a second straight day, with the selloff accelerating overnight as markets continued to assess whether the US Federal Reserve will tighten monetary policy … Continue reading "Australian dollar is weak on risk aversion"
Analysts at Imperial Capital cut their price target for Netflix Inc. to $464 from $494 on Thursday, citing rising interest rates that would result in future cash flows being discounted at a higher rate. The firm maintained its outperform rating, saying the slash in price target was "not because of anything fundamentally wrong with Netflix, but simply due to the back-up in rates." Treasury yields shot up to multiyear highs earlier in October. The 10-year Treasury note yield jumped to a seven-year high of 3.261% on Oct. 5, before retreating to 3.207% on Thursday, according to Tradeweb data. On Tuesday, Netflix reported earnings that beat expectations, sending shares of the company surging. Shares of the streaming giant have gained 90% in the year to date, while the S&P 500 has gained 5%.
U.S. government debt prices ticked lower ahead of more economic data, corporate earnings and amid investors digesting recent Fed minutes. The yield on the benchmark 10-year Treasury note was higher at around 3.211 percent at 4:30 a.m. ET , while the yield on the 30-year Treasury bond bond was higher at 3.377 percent. On the auction front, a $5 billion in 29-year-4-month Treasury Inflation Protected Security (TIPS) is set to be auctioned on Thursday.
At first sight, the minutes released Wednesday from the Sept. 25-26 meeting at which the Federal Open Market Committee agreed to raise their target for the federal funds rate by an additional quarter of a percentage point and continue with its established policy of quantitative tightening, or reducing its balance sheets assets, were a good case in point. The most interesting section of the minutes covered the issue of when the Fed should stop the hiking process and whether it should continue until rates are considered restrictive in that they restrain the economy, or stop when they are still neutral.
U.S. government bond yields rose on Wednesday after the Federal Reserve releases its minutes from its September meeting, which shows the central bank’s intent to raise rates gradually against a robust economic backdrop
Gold futures fall Wednesday after settling a day earlier at their highest since July, and extend their decline into electronic trading as a benchmark U.S. dollar index climbs to fresh session highs, shortly after the release of minutes from the Federal Reserve’s September monetary policy meeting.
Investors are awaiting a Treasury report on China’s currency practices, but the yuan faces downside risks no matter what, says one analyst.