* US and China agree to lower trade tariffs during 90-day pause. * Treasury yields rise amid investor shift to risk assets. * Markets see no Fed rate cut until September. By Tatiana Bautzer and Amanda Cooper.
U.S. Treasury yields rose on Monday after the United States and China agreed to lower trade tariffs on one another during a 90-day pause, triggering a rush of investor cash into risk assets and hitting safe havens like bonds, the yen and the Swiss franc.
* China talks front and center on bond investors' radar. * Trump says 80% tariffs on China imports seem right. * Fed fund futures lower odds of July easing. By Gertrude Chavez-Dreyfuss.
* World stocks barely higher ahead of key trade talks. * U.S. deal with UK this week was first since Trump tariff pause. * China/U.S. weekend negotiations in focus. * Bitcoin touches highest since January; oil rises 1% * U.S. dollar, Treasury yields pull back. By Sin?ad Carew and Nell Mackenzie.
* World stocks gain on trade optimism. * U.S. deal with UK was first since Trump's tariff pause. * China/U.S. negotiations set for weekend. * Bitcoin touches highest since January; oil rises 1% * U.S. dollar, Treasury yields pull back. By Sin?ad Carew and Nell Mackenzie.
* China talks front and center on bond investors' radar. * Trump says 80% tariffs on China imports seem right. * Fed fund futures lower odds of July easing. By Gertrude Chavez-Dreyfuss.
* US-UK trade deal spurs Treasuries selling in risk-off market. * UK trade deal not a game changer, but a good start, analyst says. * US 10-year yield hits two-week peak. * US 30-year bond auction shows lackluster results. By Gertrude Chavez-Dreyfuss.
* Equities rise after US-UK trade deal announcement. * US dollar advances with bond yields, oil settles up. * BoE cuts UK rates, Sweden and Norway hold rates. By Sin?ad Carew and Marc Jones. NEW YORK/LONDON, May 8 - Global equities rose on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal.
Global equities were slightly higher on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal, fueling hopes for compromises with other countries.
* Fed keeps rates steady in 4.25%-4.50% range. * US yield curve flattens, spread between two-year and 10-year yields at 49.4 basis points. * US rate futures price in Fed cut in July. * Fed's Powell says cannot be pre-emptive on rates. By Gertrude Chavez-Dreyfuss.
* Fed keeps rates steady in 4.25%-4.50% range. * US yield curve flattens, last at 48.6 bps. * US rate futures price in Fed cut in July. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields fell on Wednesday after the Federal Reserve held interest rates steady as expected, but noted that the risk of higher inflation and unemployment has increased.
U.S. Treasury yields extended their fall on Wednesday after the Federal Reserve held interest rates steady, as expected, but noted the risk of higher inflation and unemployment has increased.
* US yield curve flattening driven by US-China trade talks. * Focus on Fed's Powell's comments post-meeting on tariffs. * US rate futures price in Fed cut in July. By Gertrude Chavez-Dreyfuss.
Japanese government bond yields rose on Wednesday, catching up with a climb in U.S. Treasury yields, as the local market reopened following a four-day weekend. The 10-year JGB yield rose 1.5 basis points to 1.275% as of 0435 GMT, rising off a 3-1/2-week low from late last week. Benchmark 10-year JGB futures fell 0.21 yen to 140.98 yen.
Equities rose in a volatile session on Wednesday but U.S. Treasury yields fell after the Federal Reserve left interest rates unchanged while warning of higher inflation and labor market risks.
* Stocks fall on lack of tariff deals before Fed policy decision. * Gold rallies, oil rebounds after Monday sell-off. * UK/India reach trade agreement after 3 year negotiation. * Germany's Merz is elected chancellor on second try. By Sin?ad Carew and Samuel Indyk.
* US Treasury's 10-year note auction shows solid demand. * More supply comes with $25 billion in 30-year bonds on Thursday. * Fed seen keeping interest rates on hold Wednesday. * 10-year Treasury yield touches highest since April 23. By Gertrude Chavez-Dreyfuss and Alden Bentley.
* Stocks fall on lack of tariff deals before Fed policy decision. * Gold rallies, oil rebounds after Monday sell-off. * UK/India reach trade agreement after 3 year negotiation. * Germany's Merz is elected chancellor on second try. By Sin?ad Carew and Samuel Indyk.
* U.S. Treasury selling $42 billion of 10-year notes. * Fed seen keeping interest rates on hold Wednesday. * 10-year Treasury yield touches highest since April 23. By Alden Bentley.
MSCI's global equities gauge fell on Tuesday, while the dollar declined as investors grew frustrated with the lack of U.S. trade deals and waited for a Federal Reserve update, while oil futures rebounded from Monday's sell-off. However, U.S. Treasury yields fell to their lowest levels for the day in afternoon trading after a well-subscribed 10-year notes auction showed demand for government bonds.
* US ISM services sector data shows prices paid at two-year high. * US yield curve steepens post-ISM services data. * Treasury's three-year note sale comes in better than expected. * Bessent says 17 trading partners have very good proposals. By Gertrude Chavez-Dreyfuss.
* US ISM services sector index prices paid at 2-year high. * US yield curve steepens. * US Treasury to auction 3-year notes on Monday. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields edged higher on Monday, after data showed that the services sector in the world's largest economy remained resilient last month, with prices paid, an inflation gauge, hitting a two-year high.
MSCI's global equities index lost ground on Monday on the latest uncertainty around tariffs while oil prices fell on the prospect of production increases and U.S. bond yields rose. U.S. Treasury yields were marginally higher after data showed that the services sector in the world's largest economy remained resilient last month, with prices paid, an inflation gauge, hitting a two-year high.
TRADING DAY. Choppier waters ahead? Global and U.S. stocks closed the week with gains of up to 3%, the dollar advanced, Treasury yields rose, and the VIX index of U.S. equity market volatility eased. But that would be only half the story.
* U.S. labor market stronger than expected. * China says door is open for trade talks. * Japan eyes US Treasury holdings as negotiation tool. By Stephen Culp. Wall Street and European stocks rallied and U.S. Treasury yields surged on Friday as investor risk appetite was strengthened by a strong employment report and signs China is open to tariff negotiations.
* Employers added 177,000 jobs in April. * Treasury to auction 3-, 10-, 30-year debt next week. * Traders pus bets on next rate cut to July. * Japan says could use Treasury holdings in trade negotiations. By Karen Brettell.
Euro area benchmark Bund yields were on track for their biggest daily rise since early March, tracking moves from U.S. Treasuries after strong jobs data. Borrowing costs had risen early in the session as investors scaled back bets on European Central Bank rate cuts amid signs of easing trade tensions between the United States and China.
U.S. Treasury yields rose on Friday after data showed that employers added more jobs than economists had expected in April, leading traders to pare back bets that the Federal Reserve will cut rates in June. Nonfarm payrolls increased by 177,000 jobs last month after rising by a downwardly revised 185,000 in March.
Euro zone government bond yields rose on Friday, catching up with U.S. Treasuries, as investors scaled back bets on European Central Bank rate cuts amid signs of potential easing trade tensions between the United States and China.
Euro zone government bond yields rose on Friday, mirroring a move in U.S. Treasuries the previous day when European markets were shut for a holiday, as traders around the world looked ahead to U.S. jobs numbers due later. Germany's 10-year yield, the benchmark for the euro zone, rose 5 basis points to 2.49%, though it remained near the bottom end of its recent range.
Wall Street and European stocks rallied and U.S. Treasury yields surged on Friday as investor risk appetite was strengthened by a strong employment report and signs China is open to tariff negotiations. All three major U.S. stock indexes advanced more than 1% on the session, with economically sensitive financials, transports and microchips outperforming the broader market.
* ISM manufacturing PMI beats forecasts. * Jobless claims rise in latest week. * Fed funds futures show 58% chance of June rate cut. * They show only a 5% chance of a rate cut in May. By Karen Brettell.
* Bessent notes growing spread between Treasury yields and Fed's rate. * Two-year yields are a bond market proxy for Fed expectations. * Bessent says his focus is more on 10-year yields. By Susan Heavey.
The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank's policy rate.
* U.S. GDP contraction pulls stocks later. * Wall Street stock indexes set for third monthly decline. * U.S. Treasury yields decline for seventh session. * Crude notches biggest monthly decline in 3 1/2 years. By Stephen Culp.
Benchmark 10-year U.S. Treasury yields rose in choppy trading on Wednesday after data showed that the U.S. economy contracted for the first time in three years in the first quarter while inflation also rose, complicating the outlook for the Federal Reserve.
* U.S. GDP contraction pulls European stocks later. * Wall Street stock indexes set for third monthly decline. * U.S. Treasury yields decline for seventh session. By Stephen Culp.
U.S. Treasury yields seesawed lower after a weaker-than-expected read on first quarter U.S. growth underscored market reasoning that White House tariff uncertainty will both weaken growth and increase inflation in a dreaded "stagflation" scenario.
* Stocks, oil prices struggle as tariffs fuel global growth fears. * U.S. Treasury yields near lows on rate cut bets. * Corporates grapple with Trump's tariffs, UPS cuts 20,000 jobs. By Rae Wee.
* Yields fall as economic data weakens. * GDP on Wednesday, payrolls on Friday next data focuses. * Treasury to release refunding details on Wednesday. By Karen Brettell. Benchmark 10-year U.S. Treasury yields fell for the sixth consecutive day to a three-week low on Tuesday after data showed that U.S. job openings dropped sharply in March while consumer confidence hit an almost five-year low.
* Eye on key U.S. data, tech earnings. * Euro zone inflation reads awaited. * U.S. Treasury yields drop. By Lucy Raitano. LONDON, April 29 - Euro zone government bond yields slipped on Tuesday but remained largely rangebound as traders caught their breath ahead of this week's raft of economic data and big tech results which should give a clearer view of the state of the U.S. economy.
U.S. Treasury yields eased to near three-week lows on Monday, marking the half-way unwind from this month's bond rout as a dearth of new tariff news allowed investors to zero in on impending economic data, crowned by Friday's payrolls report.
U.S. Treasury yields eased to near three-week lows on Monday, marking the half-way unwind from this month's bond rout as a dearth of new tariff news allowed investors to zero in on impending economic data, crowned by Friday's payrolls report.
The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut.
Japanese government bond yields edged lower on Monday, under pressure from a decline in U.S. Treasury yields, with traders seeing little chance for any near-term policy tightening by the Bank of Japan. The 10-year JGB yield fell 1.5 basis points to 1.315% as of 0427 GMT, tracking a drop of about 3 bps for equivalent Treasuries to hit an almost three-week low of 4.233% in Asian hours.
* Cautious optimism markets may stabilize after sharp volatility. * But trade deal hopes may not last long. * Perceived Fed's flexibility on rate cuts helps push yields lower. * Yield curve 'bull-flattens' on cloudy economic outlook. By Davide Barbuscia.
* EU bond prices ease on hopes that tariffs may be less severe. * German 2-year yields halt 6-week falling streak. * Analyst says Trump will eventually back down on China. * US Treasury yields broadly flat after falling on Thursday. By Stefano Rebaudo and Yadarisa Shabong.
* Expectations for a less painful impact of tariffs supports yields. * German 2-year yields set to snap 6-week falling streak. * Analysts say Trump will eventually back down on China. * US Treasury yields flat after falling on Thursday. * Focus also on ECB speakers. * By Stefano Rebaudo.
* Lower-than-feared tariffs seen as supportive. * Economic data shows resilience but cloudy outlook. * Fears of foreign buyers' strike partly assuaged. By Davide Barbuscia. NEW YORK, April 24 - U.S. Treasury yields declined on Thursday on tentative hopes of lower-than-feared U.S. tariffs and the possibility of an interest rate cut by the Federal Reserve in June.
* Washington signals potential easing in trade war with China. * Trump steps back from threats to remove Fed boss. * Friendlier tariff outcome could give Fed more room to cut rates. By Davide Barbuscia.
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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