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 ...
* Dollar index at two-month low. * PPI for final demand rise 0.2% in December. * Weekly jobless claims increase 23,000 to 230,000. By Kavya Guduru. Gold prices retreated on Thursday, as U.S. Treasury yields drifted higher with the Federal Reserve likely to stay on course to raise interest rates in March. Spot gold fell 0.5% to $1,815.42 per ounce by 10:52 ET.
U.S. Treasury yields edged up
on Thursday, with investors consolidating positions that pushed
2- and 5-year rates to two-year highs earlier in the week, as
they prepared for an interest rate hike in ...
* Dollar index at two-month low. * Yields move away from two-year highs. By Asha Sistla. Gold prices were steady on Thursday near a one-week high scaled in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data in line with expectations reinforced the need for quicker interest rate hikes. Spot gold was flat at $1,825.82 per ounce, as of 0637 GMT.
Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. FUNDAMENTALS. * Spot gold was flat at $1,824.55 per ounce by 0109 GMT.
Longer-dated U.S. Treasury yields dipped on Wednesday after a reading on inflation was largely in line with expectations and did not alter views on the path of Federal Reserve policy. The consumer price index increased 0.5% last month, just above the 0.4% expectation, the Labor Department said on Wednesday.
The benchmark U.S. 10-year Treasury yield dipped on Wednesday after a reading on inflation was largely in line with expectations and kept investor views on the path of Federal Reserve policy intact. The consumer price index increased 0.5% last month, just above the 0.4% expectation, after advancing 0.8% in November, the Labor Department said on Wednesday.
Japanese government bond yields dipped on Wednesday, tracking U.S. Treasury yields lower overnight, as investors bought back debt following less hawkish comments from Federal Reserve Chair Jerome Powell.
World stocks rose on Wednesday while U.S. Treasury yields and the dollar fell, after the latest U.S. inflation data showed price pressures surging but within expectations, apparently suggesting the Federal Reserve will not have to hike interest rates too aggressively. Oil prices hit two-month highs, lifted by tight supply and easing concerns over the spread of the Omicron coronavirus variant.
U.S. Treasury yields dipped on Tuesday, with short-dated yields pulling back from near two-year highs following comments from Federal Reserve Chair Jerome Powell on how the central bank plans to combat inflation.
* US shares reverse course to rise on Fed remarks. * Fed Chair Jerome Powell said expects to raise rates this year. * European, Asian shares rebound. * US Treasury yields retreat from two-year highs. By Koh Gui Qing.
U.S. investment firm PIMCO is looking to position portfolios for a steeper U.S. Treasury yield curve in expectation of more normal economic conditions, but also expects greater volatility as a result of coronavirus uncertainties and inflationary risks.
* US stocks deepen losses after Fed Chair rate hike comments. * European, Asian shares rebound. * US Treasury yields edge up on remarks from Fed Chair. By Koh Gui Qing and Karin Strohecker.
Short-dated U.S. Treasury
yields hit almost two-year highs on Tuesday as investors
prepared for the likelihood the Federal Reserve will raise rates
as many as four times this year, and before the ...
* U.S. CPI data due on Wednesday. * U.S. 10-yr Treasury yield ease off 2-year highs. By Kavya Guduru. Gold prices firmed above the key $1,800 mark on Tuesday, buoyed by a retreat in the dollar and U.S. Treasury yields, as investors awaited cues on expected policy tightening from Federal Reserve Chair Jerome Powell. Spot gold was last up 0.1% at $1,803.20 per ounce by 09:47 ET.
- The U.S. Federal Reserve should begin to reduce its holdings of U.S. Treasury bonds and mortgage-backed securities accumulated during the pandemic in the not too distant future, Kansas City Fed President Esther George said on Tuesday, the latest policymaker to urge a swifter runoff of its balance sheet than during the last tightening cycle.
* Investors await U.S. CPI data due on Wednesday. * U.S. 10-yr Treasury yield inches away from 2-year high. By Seher Dareen. Gold prices gained for a third straight session on Tuesday, as the dollar and Treasury yields retreated ahead of the Federal Reserve Chair Jerome Powell's nomination hearing as bets for quicker U.S. interest rate hikes grow.
A look at the day ahead from Sujata Rao. Did retail investors save the day? It's a scenario seen repeatedly in the past year and often attributed to amateur traders. Possibly, that's kept the dollar flatlining this month, well off 16-month highs touched at the end of November, while Treasury yields on Monday snapped a six-session rising streak.
A look at the day ahead from Sujata Rao. Did retail investors save the day? It's a scenario seen repeatedly in the past year and often attributed to amateur traders. Possibly, that's kept the dollar flatlining this month, well off 16-month highs touched at the end of November, while Treasury yields on Monday snapped a six-session rising streak.
Japan's Nikkei index ended about 1% down on Tuesday, tracking Wall Street's weak finish overnight amid caution about the U.S. Federal Reserve's possible rate increase as soon as March, while higher Treasury yields drove a sell-off in technology shares.
U.S. stocks bounced and Treasury yields retreated on Tuesday in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year, as expected.
Japanese government bond yields rose on Tuesday, tracking firmer moves on U.S. Treasury yields overnight that helped outweigh relatively strong outcome of the Bank of Japan's bond buying operations.
* Investors await U.S. CPI data due on Wednesday. * U.S. 10-yr Treasury yield inches away from 2-yr high. * Inflation rate below expectation may provide relief for gold -analyst. By Asha Sistla. Gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields, as traders awaited December inflation data and weighed bets for quicker interest rate hikes.
U.S. stocks bounced and Treasury yields retreated on Tuesday in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year, as expected.
Japanese stocks fell on Tuesday tracking Wall Street's weak finish overnight, as investors were cautious that the U.S. Federal Reserve could raise interest rates as soon as March, while higher U.S. Treasury yields drove a sell-off in technology shares.
* 10-year yield up for seventh straight day. * 2-year yield hits highest since March 2020. * Investors eye inflation data later this week. By Chuck Mikolajczak. The benchmark U.S. 10-year Treasury yield rose to its highest level in almost two years on Monday, as investors increasingly expect the Federal Reserve will begin its tightening policy with an interest rate hike as soon as March.
- Investors and analysts reacted to a slide in heavyweight technology stocks as U.S. Treasury yields continued to climb, as investors factor in the prospect of more aggressive rate hikes from the U.S. Federal Reserve. [.N] PETER TUZ, PRESIDENT OF CHASE INVESTMENT COUNSEL IN CHARLOTTESVILLE, VIRGINIA: ????"It's somewhat related to the rise in interest rates we've seen since the start of the year.
* 10-year yield up for seventh straight day. * 2-year yield hits highest since March 2020. * Investors eye inflation data later this week. By Chuck Mikolajczak. The benchmark U.S. 10-year Treasury yield rose to its highest level in nearly two years on Monday, as investors continue to anticipate the Federal Reserve will begin its tightening policy with an interest rate hike as soon as March.
* Sentiment on gold is buy-and-hold- analyst. * U.S. 10-year Treasury yields highest in 2 years. * Focus on U.S. CPI data due on Wednesday. By Kavya Guduru. Gold edged lower on Monday, weakened by a firmer dollar and elevated Treasury yields, as investors focused on key inflation data due later this week that could underpin faster rate hikes by the U.S. Federal Reserve.
Canada's main stock index fell on Monday as a spike in U.S. Treasury yields fueled concerns about the prospect of higher interest rates. At 9:44 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 122.26 points, or 0.58%, at 20,962.19, as technology stocks hit its lowest level since May 2021.
Canada's main stock index opened lower on Monday, dragged down by technology stocks as a spike in U.S. Treasury yields fueled concerns over prospective higher interest rates. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 42.72 points, or 0.2%, at 21,041.73.
Wall Street's main indexes opened lower on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, while big banks extended gains after U.S. Treasury yields climbed to new two-year highs.
Germany's 10-year bond yield briefly touched its highest level since May 2019 on Monday, heading closer to 0% as surging inflation and expectations for U.S. Federal Reserve policy tightening kept global debt markets on edge. Euro zone bond markets have sold off heavily in recent weeks alongside U.S. Treasuries as investors bet the Federal Reserve could lift interest rates as early as March.
* Futures: Dow flat, S&P off 0.11%, Nasdaq down 0.32% By Bansari Mayur Kamdar. U.S. stock index futures were subdued on Monday after posting losses for their first week of the new year, while big banks extended gains as U.S. Treasury yields climbed a new two-year high.
Futures for Canada's main stock index fell on Monday, tracking global markets, as a spike in U.S. Treasury yields fueled concerns about the prospect of higher interest rates. March futures on the S&P/TSX index were down 0.1% at 7:00 a.m. ET.
* European stocks fall, U.S. futures also down. * U.S. 10-year Treasury yield touches 1.8% * Dollar stuck in range despite rising yields. * Traders prepare for U.S. inflation data, company earnings. By Tommy Wilkes.
Analysts expect big U.S. banks to show an uptick in fourth quarter core revenues thanks to new lending and firming Treasury yields even while headline earnings will be mixed on differences in how each institution accounted for pandemic loan losses.
* U.S. 10-yr Treasury yields highest in 2 years. * UBS sees rebound in platinum, palladium demand. * Focus on U.S. CPI data due on Wednesday. By Seher Dareen. Gold prices ticked higher on Monday despite U.S. 10-year Treasury yields hitting a two-year high, as traders hedged their positions against inflation and ongoing geopolitical risks.
* European stocks fall, U.S. futures flat. * U.S. 10-year Treasury yield touches 1.8% * Dollar stuck despite rising yields. * Traders look to U.S. inflation data, company earnings. By Tommy Wilkes. Stock markets struggled on Monday as U.S. Treasury yields reached a new two-year high and investors fretted about the prospect of rising interest rates and a surge in COVID-19 infections.
A look at the day ahead from Sujata Rao. As markets move to price a U.S. interest rate liftoff, possibly even from March, 10-year Treasury yields have risen a quarter point since the year started. Real yields, while at the highest since last June, will remain deeply negative for a while.
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.
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