Japan stands ready to act against excessive foreign exchange volatility at any time, while ensuring that any yen-buying, dollar-selling intervention is conducted in a way that avoids pushing up U.S. Treasury yields, officials said on Monday.
* S&P 500, Nasdaq end lower. * Oil prices gain as Iran worries continue. * Longer-dated US Treasury yields off recent highs. By Caroline Valetkevitch and Samuel Indyk. Major stock indexes mostly eased as technology shares fell on Monday, while Brent oil prices climbed to a two-week high as investors assessed whether there will likely be progress soon to end the Iran war.
* S&P 500, Nasdaq end lower. * Oil prices gain as Iran worries continue. * Longer-dated U.S. Treasury yields off recent highs. By Caroline Valetkevitch and Samuel Indyk. Major stock indexes mostly eased as technology shares fell on Monday, while oil prices climbed following continued worries over supply disruption from the Iran war.
* Indexes mixed with Nasdaq leading declines, Dow holding steady. * Dominion Energy (D) rises on NextEra deal. * Regeneron slides after skin cancer drug combo misses trial goal. By Sin?ad Carew and Ragini Mathur.
* Yield on 10-, 30-year Treasuries retreat from overnight highs. * Earlier sharp sell-off followed a rise in crude oil prices. * Market bets on Fed interest rate hike increase. By Matt Tracy.
* Indexes off: Dow 0.01%, S&P 500 off 0.43%, Nasdaq down 0.89% * Dominion Energy (D) rises on NextEra deal. * Regeneron slides after skin cancer drug combo misses trial goal. By Sin?ad Carew and Ragini Mathur.
* U.S. stock indexes mostly down slightly. * Oil prices gain as Iran worries continue. * Longer-dated U.S. Treasury yields off recent highs. By Caroline Valetkevitch and Samuel Indyk. Major stock indexes mostly eased as technology shares fell on Monday, while oil prices climbed following more worries over supply disruption from the Iran war.
* Oil prices turn positive. * Benchmark 10-year U.S. Treasury yields at highest since February 2025. * JPMorgan cuts 2026 gold price view. By Anjana Anil. Gold steadied on Monday as support from a weaker U.S. dollar offset pressure from higher Treasury yields and inflation concerns stemming from rising oil prices. Spot gold was largely unchanged at $4,540.49 per ounce as of 12:35 p.m. ET.
* Indexes down: Dow 0.09%, S&P 500 0.4%, Nasdaq 0.8% * Dominion Energy (D) rises on NextEra deal. * Regeneron slides after skin cancer drug combo misses trial goal. By Ragini Mathur and Utkarsh Hathi.
* Benchmark 10-year U.S. Treasury yields at highest since February 2025. * JPMorgan cuts 2026 gold price view. By Anjana Anil. Gold steadied on Monday as support from a weaker U.S. dollar offset pressure from higher Treasury yields and inflation concerns stemming from rising oil prices. Spot gold was largely unchanged at $4,536.19 per ounce as of 11:10 a.m. ET.
* Indexes: Dow up 0.3%, S&P 500 up 0.04%, Nasdaq off 0.1% * Dominion Energy (D) rises on NextEra deal. * Regeneron slides after skin cancer drug combo misses trial goal. By Ragini Mathur and Utkarsh Hathi. U.S. stock indexes were mixed in choppy trading on Monday even though the bond-market selloff that had pressured equities last week showed signs of cooling and oil prices pulled back.
* Benchmark 10-year U.S. Treasury yields at highest since Feb 2025. * JPMorgan cuts 2026 gold price view. By Anjana Anil. Gold rose on Monday as a weaker U.S. dollar and lower crude oil prices eased some inflation concerns though higher bond yields curbed bullion's gains while investors continued to monitor developments in the Middle East conflict.
Yields on longer-dated Treasury notes climbed to their highest levels in over a year in overnight trading amid a global market selloff in longer-dated bonds driven by war-related inflation concerns. The yield on the benchmark 10-year Treasury note climbed to 4.631% in overnight trading, its highest level since February 2025.
* Futures down: Dow 0.7%, S&P 500 0.4%, Nasdaq 0.4% * Dominon Energy rises on report of NextEra talks. * UnitedHealth (UNH) slips after Berkshire Hathaway (BRK/A) sells stake. By Ragini Mathur and Utkarsh Hathi. U.S. stock index futures edged lower on Monday as rising Treasury yields and oil prices weighed, while investors awaited key earnings from Nvidia (NVDA) and Walmart (WMT) later in the week.
The Nasdaq and the benchmark S&P 500 closed lower on Monday as investors took some profits in technology stocks while surging Treasury yields and high oil prices fueled concerns that inflation and borrowing costs could stay elevated.
* Futures down: Dow 0.6%, S&P 500 0.3%, Nasdaq 0.09% U.S. stock index futures edged lower on Monday as rising Treasury yields and oil prices weighed on equity markets, while investors awaited key earnings from Nvidia (NVDA) and Walmart (WMT) later in the week.
* US 10-year Treasury yields rise to their highest since February 2025. * Brent rises above $110/bbl on fresh Middle East tensions. * Traders see 40% chance of a US interest rate hike in December. By Noel John.
* U.S. Treasury yields hit one-year peaks; JGB yields scale record highs. * Renewed tensions in Middle East keep investors worried about inflation, growth risks. * Japan likely to issue fresh debt to deal with impact from Iran war. * Investors ramp up bets on global rate hikes. * British gilts outperform on Monday after selloff last week. By Matt Tracy, Alun John and Amanda Cooper.
Major stock indexes mostly eased as technology shares fell on Monday, while Brent oil prices climbed to a two-week high as investors assessed whether there will likely be progress soon to end the Iran war. Longer-dated U.S. Treasury yields were nearly flat after climbing to their highest level in over a year in overnight trading.
U.S. stocks retreated from artificial-intelligence-fueled record highs on Friday, as spiking crude prices ignited global inflation fears. All three major U.S. stock indexes veered lower as a jump in benchmark Treasury yields, reflecting surging energy prices and concerns about long-term inflation, offered an attractive alternative to higher-risk equities.
* Inflationary pressures fuel rate-hike expectations. * Rising US Treasury yields and inflation fears drive dollar strength. * Fed's Williams does not see need to change rate policy. By Chuck Mikolajczak.
* Inflationary pressures fuel rate hike expectations. * Rising US Treasury yields and inflation fears drive dollar strength. * Fed's Williams does not see need to change rate policy. By Chuck Mikolajczak.
* Indexes down: Dow 0.9%, S&P 500 1.1%, Nasdaq 1.6% * Applied Materials (AMAT) down after quarterly results. * Dexcom (DXCM) climbs after plans to revamp board panel with Elliott. By Ragini Mathur and Utkarsh Hathi. Wall Street's main indexes fell on Friday, as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fueled rally.
* Spot gold down 4% for the week. * U.S. Treasury yields rise to near one-year high. * Oil gains, Trump leaves Beijing with no major breakthroughs. By Ishaan Arora. Gold fell to a more than one-week low on Friday, as U.S. Treasury yields and the dollar climbed, while heightening inflation concerns due to the conflict in the Middle East reinforced bets for higher interest rates.
Wall Street indexes opened sharply lower on Friday, as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fueled rally.
Wall Street indexes opened sharply lower on Friday, as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fueled rally.
* Futures down: Dow 0.9%, S&P 500 1.2%, Nasdaq 1.7% * Applied Materials (AMAT) down after quarterly results. * Dexcom (DXCM) climbs after plans to revamp board panel with Elliott. By Ragini Mathur and Utkarsh Hathi. Wall Street indexes were headed for a sharply lower open on Friday, as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fueled rally.
Longer-dated Treasury yields climbed to their highest levels since May 2025 on Friday, as a spike in oil prices stoked fears that ongoing energy disruptions in the Middle East could further fuel inflation - which data this week showed had already surged in April.
Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could be constrained by rising federal debt and the potentially lost luster of U.S. Treasuries, analysts said, with rising long-term interest rates a sign of the challenge awaiting the new Fed chair.
U.S. stocks retreated from artificial-intelligence-fueled record highs on Friday, as spiking crude prices ignited global inflation fears. All three major U.S. stock indexes veered sharply lower, each shedding more than 1% as a jump in benchmark Treasury yields, reflecting surging energy prices and concerns about long-term inflation, offered an attractive alternative to higher-risk equities.
* Futures down: Dow 0.7%, S&P 500 1.1%, Nasdaq 1.6% Futures tracking the Nasdaq and the S&P 500 tumbled more than 1% on Friday, with an AI-driven rally in U.S. stocks poised to stall, as Treasury yields jumped on concerns about higher inflation driven by the Middle East conflict.
* MSCI EM FX, stocks eye sharpest weekly falls since early March. * Rising US Treasury yields pressure stocks, KOSPI falls 6% * Romania interest rate decision awaited. By Purvi Agarwal. Emerging market equities fell on Friday, led by declines in heavyweight Asian stocks, while currencies weakened against the dollar, setting them on track for losses in a week marked by the U.S.-China summit.
* Bond market selloff gathers pace. * US Treasury yields at one-year highs. * Euro zone bond yields rise, JGB yields hit record peaks. By Amanda Cooper. The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer.
The dollar strengthened for a fifth straight day on Friday and was set for its largest weekly percentage rise in two months, as market expectations for the Federal Reserve's monetary policy path tilt further toward possible rate hikes. The dollar's advance comes as U.S. Treasury yields continue to ascend, with the benchmark 10-year Treasury note reaching 4.599%, its highest in a year.
The U.S. long bond has been in the spotlight recently, with the 30-year Treasury yield piercing 5% and nearing its highest level in two decades. The rise in long-dated yields - Wednesday's 30-year auction sold above 5% for the first time since 2007 - has grabbed headlines, but yields at the front end have actually spiked by even more.
* Treasury yields retreat as oil prices drop and technical support attracts buyers. * Inflation concerns persist after strong U.S. producer price data and Middle East conflict. * Retail sales rise, jobless claims steady, Xi warns Trump on Taiwan tensions. By Karen Brettell.
* Dollar supported by rising U.S. Treasury yields and Fed rate hike expectations. * Trump-Xi summit focuses on trade progress, Taiwan tensions highlighted by Xi. * U.S. inflation data boosts rate hike bets, Fed Chair Warsh seen tightening policy. By Rae Wee and Amanda Cooper.
Investors are bracing for U.S. Treasury yields to stay higher longer, skeptical that incoming Federal Reserve Chair Kevin Warsh will be able to tame inflation stoked by surging oil prices during a prolonged Middle East conflict. Long-dated yields, including those on benchmark 10-year notes, have spiked as investors demand greater compensation for inflation risk as higher energy prices bite.
Strong demand for technology stocks lifted equity indexes around the world on Thursday, while the dollar rose after economic data and investors awaited the outcome of a U.S.-China summit. In bonds, benchmark 10-year Treasury yields edged down after hitting an 11-month high as U.S. government debt found buying interest at key technical levels.
* Producer prices post biggest gain since early 2022, fueling inflation concerns. * BCA Research's Ryan Swift says data unlikely to prompt Fed rate hikes. * Treasury sees ok demand for $25 billion in 30-year bonds. By Karen Brettell.
* Hot U.S. inflation reading lifts Treasury yields. * Fed rate cut bets evaporate; odds for December hike rise. * Iran peace deal hopes dwindle; Trump-Xi meeting in focus. By Lucy Raitano and Jiaxing Li.
* Asia FX including yen under pressure. * Food prices face another shock after Russia-Ukraine conflict. * Analysts watching gasoline prices. * US Treasury yields also in focus. By Karin Strohecker and Dhara Ranasinghe.
The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty. The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.
* Oil price increase and Middle East tensions drive yields higher. * April CPI shows inflation remains elevated with higher energy and AI spending. * Strong jobs data dims hopes for near-term Fed rate cuts. By Karen Brettell.
* Asia FX including yen under pressure. * Food prices face another shock after Russia-Ukraine conflict. * Analysts watching gasoline prices. * US Treasury yields also in focus. By Karin Strohecker and Dhara Ranasinghe.
* Fed expected to hold rates as oil-driven inflation risks assessed. * April jobs data beats forecasts, reducing likelihood of near-term rate cuts. * Upcoming CPI and PPI data, plus $125 billion in Treasury auctions, in market focus. By Karen Brettell.
* Yields climb as oil rebounds after WSJ report. * Fed officials say inflation risks may delay rate cuts. * Initial jobless claims rise, but below expectations. By Chuck Mikolajczak.
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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