* Goldman shares drop 7% as profit hit by weaker trading. * Benchmark U.S. Treasury yields jump to two-year highs. * Activision soars on $68.7 billion Microsoft (MSFT) deal. * Indexes down: Dow 1.45%, S&P 1.73%, Nasdaq 2.24% By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal.
* Oil hits seven-year high after attacks on UAE. * Bond yield continues to drive higher. * Rate-sensitive tech stocks keep share markets in the red. * Russia and Ukraine markets steady after heavy selloff. By Herbert Lash and Marc Jones.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. Sterling fell to its lowest level in a week against the dollar on Tuesday as a jump in U.S. Treasury yields boosted the greenback and speculation about the fate of Boris Johnson's premiership also weighed on the British currency.
- A fast pace of monetary policy readjustment to curb rampant inflation could lead to a flattening of the U.S. Treasuries yield curve, said Larry Fink, chief of the world's biggest asset manager, BlackRock Inc. (BLK) "I think the yield curve is going to be flattening, you know, and I can even see if the Federal Reserve is very aggressive, I can see a, you know, a negative yield curve", Fink told CNBC...
A fast pace of monetary policy readjustment to curb rampant inflation could lead to a flattening of the U.S. Treasuries yield curve, said Larry Fink, chief of the world's biggest asset manager, BlackRock Inc (BLK) . "I think the yield curve is going to be flattening, you know, and I can even see if the Federal Reserve is very aggressive, I can see a, you know, a negative yield curve", Fink told CNBC ...
The dollar rose to a one-week high on Tuesday following a jump in
benchmark U.S. Treasury yields, while the yen steadied after initially sliding as the Bank of Japan said it
would stick to its ...
* 10-year U.S. Treasury yields hit two-year high. * Gold could trade in $1,780-$1,830 range after first rate hike - analyst. * Dollar ticks up to 1-week high. By Kavya Guduru. Gold prices fell on Tuesday, as the dollar and U.S. Treasury yields strengthened with investors turning their attention to next week's Federal Reserve policy meeting for more signals on its rate hike timeline.
Benchmark U.S. Treasury yields
jumped to two-year highs and two-year yields breached 1% on
Tuesday as traders prepared for the Federal Reserve to be more
aggressive in tackling unabated inflation.
Canada's main stock index fell on Tuesday, hurt by a sell-off in technology stock triggered by higher U.S. Treasury yields following the biggest jump in oil prices in seven years. At 9:38 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 197.75 points, or 0.92%, at 21,339.7, erasing previous session's gains.
Mexico's peso retreated from two-month
highs on Tuesday on downbeat economic growth data, while broader
emerging market peers were pressured by rising U.S. Treasury
yields and a stronger dollar.
Canada's main stock index opened lower on Tuesday, dragged by weakness in technology stocks as U.S. Treasury yields rose, although losses were limited by gains in energy sector. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 158.54 points, or 0.74%, at 21,378.91.
U.S. stock indexes opened lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after missing profit expectations.
* Dollar index edges up. * Yen slips after BoJ meeting. The dollar hit a six-day high in early trading on Tuesday following a jump in U.S. Treasury yields, while the yen steadied after the Bank of Japan saying it would stick to its ultra-loose monetary policy caused the currency to slip versus the dollar. The U.S. Federal Reserve meets next week.
Futures for Canada's main stock index fell on Tuesday, mirroring the downbeat mood in global markets and weighed by weaker bullion as U.S. Treasury yields jumped, although losses were limited by higher oil prices. March futures on the S&P/TSX index were down 0.8% at 7:00 a.m. ET.
* Spectre of hikes drives bond prices and futures lower. * 2yr yield above 1%; 10y above 1.85% By Tom Westbrook. Two-year U.S. Treasury yields rose above 1% for the first time since the start of the pandemic on Tuesday as traders positioned for the possibility of a hawkish surprise from the Federal Reserve that could end with four rate hikes this year.
* 10-year U.S. Treasury yields hit two-year high. * European shares hit one-week lows on rate hike worries. * Bank of Japan raises price forecast, keeps policy steady. By Seher Dareen.
- U.S. stock indexes opened lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after missing profit expectations.
- Wall Street's main indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off to start the year as U.S. Treasury yields rose to milestones. Goldman Sachs shares fell 7.3% after the investment bank missed quarterly profit expectations amid weak trading activity.
* Dollar index edges up. * Yen slips after BoJ meeting. A jump in U.S. Treasury yields pushed the dollar index to a six-day high on Tuesday, while Japan's yen fell after the Bank of Japan said it would stick to its ultra-loose monetary policy. The U.S. Federal Reserve meets next week.
* Rising U.S. Treasury yields hit EM stocks. * Russian bonds inch closer to March 2020 lows. * Germany to hold talks with Moscow on Tuesday. * Sri Lanka repays $500 mln, plans new measures to attract forex. By Susan Mathew.
European shares fell on Tuesday, with tech stocks coming under pressure as a rise in two-year U.S. Treasury yields reflected ramped-up bets for a U.S. policy rate hike as soon as March. The pan-European STOXX 600 index dropped 0.9%, with tech stocks declining 1.5% after U.S. treasuries fell along the curve.
* U.S. Federal Reserve to meet on Jan. 25-26. * Bank of Japan raises price forecast, keeps policy steady. * 10-year U.S. Treasury yields hit two-year high. By Bharat Gautam. Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve's interest rate hike timeline from its policy meeting next week.
Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March. Early European markets on Tuesday were also slightly weaker.
Japanese government bond yields edged higher on Tuesday, lifted by a rise in U.S. Treasury yields to a one-year high. The 10-year JGB yield added 0.5 basis point to 0.145%, while the 20-year JGB yield rose by the same amount to 0.535%. Benchmark 10-year JGB futures fell 0.09 point to 150.74, with a trading volume of 29,086 lots.
Japanese shares reversed course to close lower on Tuesday, as a jump in U.S. bond yields made investors cautious, prompting a sell-off in market heavyweights. The Nikkei share average fell 0.27% to 28,257.25, after rising as much 0.9% earlier in the session. "Sentiment was weakened by rising U.S. Treasury yields.
The yen stumbled on Tuesday as U.S. Treasury yields rose to new near two-year highs and the Bank of Japan stressed its resolve to maintain ultra-loose monetary policy, though firmer yields did little for the greenback against other currencies.
Japanese shares reversed course to trade lower on Tuesday, as a jump in U.S. bond yields made investors cautious, prompting a sell-off in market heavyweights. The Nikkei share average was down 0.6% to 28,158 by 0448 GMT, after rising as much as 0.9% earlier in the session. "Sentiment was weakened by rising U.S. Treasury yields.
* Spectre of hikes drives bonds and futures lower. * 2yr yield above 1%; 10y above 1.85% By Tom Westbrook. U.S. Treasury yields jumped along the curve on Tuesday, lifting the shorter end to new pandemic highs as traders braced for the possibility of a hawkish surprise from the Federal Reserve.
Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March. Early European markets on Tuesday were also slightly weaker.
The dollar rose to a one-week high on Tuesday following a jump in benchmark U.S. Treasury yields, while the yen steadied after initially sliding as the Bank of Japan said it would stick to its ultra-loose monetary policy. The U.S. Federal Reserve meets next week and likely will signal that it will raise rates in March for the first time since the start of the coronavirus pandemic.
The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break.
Gold prices were flat on Tuesday as a weaker dollar partially offset pressure from elevated U.S. Treasury yields, which dim the appeal of a non-yielding bullion. FUNDAMENTALS. * Spot gold held its ground at $1,818.87 per ounce, as of 0022 GMT. * Treasury yields rose along the curve on Tuesday, lifting the short end to new pandemic highs on rate hike expectations.
Treasury yields rose along the curve on Tuesday, lifting the short end to new pandemic highs as traders braced for the U.S. Federal Reserve to embark on rate hikes as soon as March. Two-year yields rose above 1% for the first time since February 2020 at the open in Asia as trade in the cash market resumed after the Martin Luther King Day holiday in the United States.
Japanese government bond yields edged lower on Monday in muted trading as the Bank of Japan began a two-day policy meeting amid the U.S. Treasury market being shut for a holiday. Benchmark 10-year JGB futures rose 0.03 point to 150.83, with a trading volume of 19,819 lots.
* Spot gold remains neutral in $1,815-$1,830/oz range - technicals. * U.S. 10-year Treasury yields hover close to two-year peak. * Weakness in Chinese economic data drag Asian shares lower. By Asha Sistla.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Nasdaq futures slip as Treasury yields keep rising. * China eases policy as retail data show drag from coronavirus. * U.S. earnings season looms, tech stocks vulnerable. * Brent clears 2021 top to highest since 2018. By Wayne Cole.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Nasdaq futures slip as Treasury yields keep rising. * China eases policy as retail data show drag from coronavirus. * U.S. earnings season looms, tech stocks vulnerable. * Brent clears 2021 top to highest since 2018. By Wayne Cole.
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS. * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. * U.S. 10-year Treasury yields hovered near two-year highs hit in the previous week.
Speculators' net bearish bets
on benchmark U.S. 10-year Treasury note futures swelled to their
largest since February 2020, just before the onset of the
pandemic, according to Commodity Futures ...
Speculators' net bearish bets on benchmark U.S. 10-year Treasury note futures swelled to their largest since February 2020, just before the onset of the pandemic, according to Commodity Futures Trading Commission data released on Friday. Futures on U.S. 10-year notes showed net shorts of 349,839 contracts in the week ended Jan. 11, compared with 276,923 contracts the previous week.
* U.S., European and Asian stocks down. * Profitability warning from JPMorgan (JPM) casts pall. * Falls follow signals from U.S. Fed policymakers. * U.S. dollar steady after 3-day decline. By Koh Gui Qing. Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors considered imminent U.S. interest rate hikes and the uncertainty of their impact on the economy.
U.S. Treasury yields were higher on Friday in choppy trade as a batch of soft economic data on consumer and manufacturing activity was seen as not enough to derail the Federal Reserve's path of tightening policy.
* Gold on track for best week since mid-November. * U.S. retail sales down 1.9% in December. By Kavya Guduru. Gold prices slipped on Friday, weighed down by an uptick in Treasury yields on prospects of U.S. interest rate hikes and a stronger dollar, although bullion was on course for its best week since mid-November. Spot gold was down 0.3% at $1,817.46 per ounce by 12:34 p.m. ET.
U.S. Treasury yields were higher on Friday in choppy trade following a round of soft economic data on consumer spending and manufacturing activity. Yields moved lower after the Commerce Department said retail sales dropped 1.9% in December after a 0.2% rise in the prior month, well short of the unchanged forecast, as Americans grappled with a sharp climb in COVID-19 cases and a shortage of goods.
* Silver also on track for best week since November 2021. * Dollar set for largest weekly fall in 8 months. * U.S. retail sales data due at 1330 GMT. By Seher Dareen. Gold prices were holding near a more than one-week high on Friday, supported by a retreating U.S. dollar and lower Treasury yields as markets awaited economic data to gauge the pace of upcoming U.S. rate increases.
Global stock markets stumbled again on Friday and U.S. Treasury yields climbed as cautious investors worried about how imminent U.S. interest rate hikes would affect the economy. A warning from the largest U.S. bank JPMorgan Chase & Co that its profitability may fall below a medium-term target cast another pall on Wall Street.
Gold prices on Friday were poised for their best weekly gain since last November, as investors await economic data that could provide clarity about U.S. Federal Reserve's tapering policy, while a weaker dollar and Treasury yields supported bullion. FUNDAMENTALS. * Spot gold was flat at $1,820.08 per ounce, as of 0048 GMT. * The safe-haven metal climbed 1.4% so far this week.
U.S. Treasury yields on
Thursday fell, as risk appetite soured with stocks lower and
investors consolidating positions that pushed 2- and 5-year
rates to two-year highs earlier in the week, as they ...
U.S. Treasury yields on
Thursday drifted lower within narrow ranges, with investors
consolidating positions that pushed 2- and 5-year rates to
two-year highs earlier in the week, as they prepared for ...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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