Treasury yields – The News Desk

Wall Street dips as benchmark US bond yields breach 5%

20Oct

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Wall Street dips as benchmark US bond yields breach 5%

NEW YORK: Wall Street dipped on Friday as investors neared the finish line of a week marked with mixed earnings, warnings of possible further interest rate hikes from the Federal Reserve, and worries of escalation of the Middle East conflict. The yield on 10-year US Treasury notes was briefly bid above the 5% barrier on Thursday for the first time since July 2007, touching 5.001%. The benchmark yield is on course for its largest weekly surge since April 2022, powered by solid economic data. All three major US stock indexes were lower by the afternoon, with interest rate-sensitive tech and tech-related megacaps pulling the Nasdaq down most. All three indexes appeared set to register week-on-week losses. "Investor sentiment is quite negative, and we believe it's important to zoom out and f...

Gold Prices Slide to One-Week Low on Strong US Private Payrolls Data

Last Updated: July 07, 2023, 02:06 ISTNew York, United States of America (USA)Gold is highly sensitive to rising U.S. interest rates, as they increase the opportunity cost of holding non-yielding bullion. Spot gold was down 0.4% at $1,910.15 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.6% lower at $1,915.40Gold prices slipped to a near one-week low on Thursday after a better-than-expected U.S. private payrolls report fuelled expectations for more rate hikes from the Federal Reserve, lifting Treasury yields higher.Spot gold was down 0.4% at $1,910.15 per ounce by 2:08 p.m. EDT (1808 GMT), while U.S. gold futures settled 0.6% lower at $1,915.40.U.S. private payrolls increased more than expected in June, indicating strength in the labour market despite growing ri...

US Stocks Mixed as Investors Navigate Russian Turmoil and Fed Policy

Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy.The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline.The blue-chip Dow was held aloft by consumer discretionary and industrials. Economically sensitive transports and smallcaps were outperforming.“We’re having a bit of a correction, with (Fed Chair Jerome) Powell still talking about keeping rates higher for longer," said Paul Nolte, senior wealth adviser and market strategist at Murphy & Silvest in Elmhurst, Illinois. “A lot of those big tech companies have had quite a run, so we’re seeing a rotation into smallcaps and v...