UK economy: Liz Truss holds crisis meeting

British Prime Minister Liz Truss held crisis talks on Friday as the UK economy continues to struggle after its disastrous mini-budget. The prime minister – who has only been in office for a few weeks – has led one of the worst financial collapses in recent British history after her new fiscal measures sparked market … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Treasury yields lower than expected US consumer report

Bond yields fell slightly on Monday as markets waited for data on consumer inflation expectations. The return on the benchmark 10-year Treasury Note was down 2 basis points, trading at 3.295% around 5:40 am ET. The yield on the 30-year government bond fell by about a basis point to 3.44%. The return on the 2-year … Read more

European markets open to closing time, data, earnings and news

Sterling struggles as new prime minister takes office The British pound fell against the US dollar and the euro on Wednesday morning as new Prime Minister Liz Truss began her first full working day. Sterling was trading at $1.1495 at 8:30 a.m. London time, down 0.17% from the previous day, leaving it around the lowest … Read more

US Treasury yields fall on economic data

US Treasury yields fell slightly on Tuesday after 2-year yields hit their highest level since November 2007 during the previous session. The yield on the short-term 2-year Treasury fell 2 basis points to 3,405, still higher than the near 15-year high. The return on the benchmark 10-year Treasury fell 5 basis points to 3.06%. The … Read more

Government bond yields rise after unemployment claims report

US Treasury yields rose Friday as investors digested the previous day’s data, which showed unemployment claims came in lower, below expectations. The yield on the 10-year Treasury bond was up 4 basis points at 8:30 a.m. ET to 2.926%, while the yield on the 30-year Treasury bond rose about 3 basis points to 3,1728%. Yields … Read more

Treasury returns in focus after strong job growth figures

Treasury yields fell Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The benchmark 10-year Treasury yield declined 4 basis points to approximately 2.7993%, while the 30-year Treasury yield declined 2 basis points to 3.0383%. Yields move inversely to prices and a basis point equals 0.01%. That … Read more

Government bond yields ahead of key inflation data release

US Treasury yields fell Tuesday as traders prepared for key inflation data to be released later this week. The 2-year fell 6 basis points to trade at 3.0078%, but remained above the 10-year Treasury, which fell 6 basis points to 2.9225%, before falling back below 3%. The yield on the 30-year government bond was 5 … Read more

Treasury yields are falling ahead of inflation figures later this week

US Treasury yields were slightly lower on Monday as traders continued to process strong data in the latest jobs report and look ahead to inflation data to be released later this week. The 10-year Treasury yield fell by about a basis point to about 3.0878%, while the 30-year Treasury yield also fell by a basis … Read more

Treasury yields are ticking higher as recession fears rattle markets

Treasury yields rose slightly on Tuesday as concerns about a potential economic recession continued to send investors looking for safety. At around 7:00 a.m. ET, the 10-year Treasury yield rose less than one basis point to 2.911%, while the 30-year Treasury yield rose marginally to 3.135%. Yields move inversely to prices and a basis point … Read more