Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline.
Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline.
* US 10-year, 20-year, 30-year bond yields hit four-week lows. * US two-year yields fall to lowest in seven weeks. * US three-year to seven-year yields slide to six-week troughs. * US 2/10 yield curve flattens. By Gertrude Chavez-Dreyfuss and Alun John.
U.S. Treasury yields fell to three-week lows on Monday as investors sought the safety of government bonds as tech stocks tumbled on the surging popularity of a Chinese discount artificial intelligence model. The benchmark 10-year Treasury yield dropped 10 basis points to 4.52%, its lowest level since Jan. 2. The two-year yield fell 8 bps to 4.19%, its lowest since mid-December.
Japanese government bond yields fell on Monday, tracking a decline in U.S. Treasury yields at the end of last week, with investors assessing the outlook for further interest rate hikes in Japan this year. The 10-year JGB yield was down 1.5 basis points at 1.215%, while 10-year JGB futures rose 0.2 points to 140.87 yen.
* Trumps softens stance on China. * US 2/10 yield curve steepens for 3rd day. * US business activity slows in January. * US final consumer sentiment index falls. * Fed seen holding rates steady next week. By Gertrude Chavez-Dreyfuss.
* Trumps softens stance on China. * US 2/10 yield curve steepens for 3rd day. * US business activity slows in January. * US final consumer sentiment index falls. * Fed seen holding rates steady next week. By Gertrude Chavez-Dreyfuss.
* Trumps softens stance on China. * US 2/10 yield curve steepens for 3rd day. * Treasury yield moves this week subdued overall. * Fed seen holding rates steady next week. By Gertrude Chavez-Dreyfuss.
* Trump says he will demand interest rates go down. * US jobless claims rise in latest week. * US rate futures price in 39 bps of easing in 2025. * US 2/10 yield curve steepens. * US 10-year TIPS auction shows mixed results. By Gertrude Chavez-Dreyfuss.
* US stocks mixed, tech in focus. * Dollar at two-week lows. * Oil falls after Trump says to ask Saudi Arabia to cut prices. By Amanda Cooper and Koh Gui Qing. Global stocks steadied on Thursday, as a rally fuelled by Donald Trump's spending plans for artificial intelligence infrastructure fizzled and caution set in over what the new U.S. president's next moves on trade might be.
* Jobless claims rise in latest week. * US rate futures price in 39 bps of easing 2025. * Fed likely to resume rate cuts in June. By Gertrude Chavez-Dreyfuss.
National Home Price Growth Projected to Decelerate, With Regional Variations Expected? WASHINGTON, Jan. 22, 2025 The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to weigh on existing home sales in the near future, likely keeping them at or near their lowest level since 1995, according to the?January 2025 commentary from the Fannie ...
* US 10-year, two-year yields slip, but tariff threat lingers. * Markets price in 38 bps of Fed easing in 2025. * Trump says he may impose tariffs on Canada, Mexico next month. * US 2/10 curve flattens, hits narrowest gap since late December. By Gertrude Chavez-Dreyfuss.
* US 10-year, two-year yields slip but tariff threat lingers. * Markets price in 39 bps of Fed easing in 2025. * Trump says he may impose tariffs on Canada, Mexico next month. * US 2/10 yield curve flattens, hits narrowest gap since late December. By Gertrude Chavez-Dreyfuss and Ankur Banerjee.
* US 2-year, 10-year yields slip but tariff threat lingers. * US rate futures price in 44 bps of easing in 2025. * Trump says thinking of tariffs on Canada, Mexico next month. By Ankur Banerjee.
Japanese government bond yields fell on Tuesday, tracking U.S. Treasury yields which slipped after President Donald Trump did not impose tariffs on his first day in office.
* Trump tariff threat on Mexico, Canada from Feb. 1 turns stocks lower. * Mexican peso, Canadian dollar badly hit. * Treasury yields pare losses. By Rae Wee. Global shares and U.S. Treasuries were volatile on Tuesday, reversing a brief relief rally from early in the session in the first few hours of Donald Trump's new presidency after he announced plans for trade tariffs on neighbouring countries.
* US 2-year, 10-year yields slip but tariff threat lingers. * US rate futures price in 44 bps of easing in 2025. * Analysts expect more to come. By Ankur Banerjee. U.S. Treasury yields slipped on Tuesday after President Donald Trump did not impose tariffs on his first day in office, suggesting a gradual approach to policies and providing relief to investors worried about inflation resurfacing.
Foreign holdings of U.S. Treasuries rose in November but held below a record high reached in September, as China increased its portfolio of U.S. debt, data from the Treasury Department showed on Friday. Holdings of U.S. Treasuries rose to $8.635 trillion in November from $8.583 trillion in October. Japan's Treasuries holdings decreased to $1.099 trillion from $1.102 trillion the previous month.
* US two-year, 10-year yields post biggest weekly drop in 7 weeks. * US two-year, 10-year yields hit two-week lows. * US rate futures price in nearly 40 bps of easing in 2025. * US 2/10 Treasury yield curve bear flattens. By Gertrude Chavez-Dreyfuss.
* US 10-year yield on track for biggest weekly drop in seven weeks. * US two-year, 10-year yields hit two-week lows. * US rate futures price in nearly 40 bps of easing in 2025. * US 2/10 Treasury yield curve bear flattens. By Gertrude Chavez-Dreyfuss.
A look at the day ahead in U.S. and global markets from Mike Dolan. Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump's inauguration as president on Monday.
A look at the day ahead in U.S. and global markets from Mike Dolan Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump's inauguration as president on Monday.
- Demand for global equity funds declined sharply in the week through Jan. 15, as U.S. Treasury yields rose and expectations for the Federal Reserve's interest rate cuts fell following a robust jobs report. Global equity funds witnessed just $37.79 million worth of net purchases during the week, the smallest weekly buying since Dec. 18, 2024, as per LSEG Lipper data.
Demand for global equity funds declined sharply in the week through Jan. 15, as U.S. Treasury yields rose and expectations for the Federal Reserve's interest rate cuts fell following a robust jobs report. Global equity funds witnessed just $37.79 million worth of net purchases during the week, the smallest weekly buying since Dec. 18, 2024, as per LSEG Lipper data.
Spiking Treasury yields and the 'wrecking ball' dollar are creating a negative feedback loop that monetary authorities around the globe may be helping to sustain. Potential culprits include strong U.S. growth, sticky inflation, debt and deficit fears, as well as uncertainty surrounding incoming U.S. President Donald Trump's trade, immigration and 'America First' economic agenda.
Japanese government bond yields slipped on Friday after U.S. Treasury yields fell overnight following remarks from Federal Reserve Governor Christopher Waller indicating that multiple U.S. rate cuts were possible this year.
MSCI's global equities index rose on Friday while U.S. Treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the U.S. presidential inauguration.
MSCI's global equities index rose on Friday while U.S. Treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the U.S. presidential inauguration.
- A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at least as far as equity markets are concerned, even as Treasury yields and the dollar continue to drift lower into the last trading day of the week. Asian markets open on Friday against a mixed global backdrop.
A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at least as far as equity markets are concerned, even as Treasury yields and the dollar continue to drift lower into the last trading day of the week. Asian markets open on Friday against a mixed global backdrop.
* Fed's Waller says three or four cuts possible this year. * US retail sales, jobless claims softer than expected. * Philly Fed Index surges, analysts say could be an aberration. * US 2/10 yield curve flattens slightly. * US rate futures price in 43 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
Benchmark German bond yields steadied on Thursday in choppy trading, drawing some support from a modest rally in the Treasury market following softer U.S. consumer spending data. Federal Reserve Governor Christopher Waller said he believed the central bank could deliver three or four rate cuts this year if the data supported that, which helped Treasury yields fall as prices rose.
* Fed's Waller says three or four cuts possible this year. * US retail sales, jobless claims softer than expected. * Philly Fed Index surges, analysts say could be an aberration. * US 2/10 yield curve flattens slightly. * US rate futures price in 40 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
The U.S. central bank faces no imminent pressure to stop the contraction of its holdings of Treasury bonds and mortgage-backed securities, data released by the New York Federal Reserve suggested on Thursday.
* US earnings kick off with strong showing from banks. * Richemont leads European stocks higher after results. * Asian stocks surge, boosted by tech sector after TSMC results. * 10-year Treasury yield holds on to Wednesday gains, last 4.67% * Yen hits strongest in a month on growing rate hike wagers. By Alun John.
* Gold hits its highest level since Dec. 12. * Treasury yields pare gains after US data. * US weekly jobless claims increase more than expected. By Anjana Anil.
By Jamie McGeever. Spiking Treasury yields and the 'wrecking ball' dollar are creating a negative feedback loop that monetary authorities around the globe may be helping to sustain. Potential culprits include strong U.S. growth, sticky inflation, debt and deficit fears, as well as uncertainty surrounding incoming U.S. President Donald Trump's trade, immigration and 'America First' economic agenda.
U.S. Treasury yields pared gains on Thursday after data showed weaker-than-expected numbers in retail sales, jobless claims, and import prices. The lone surprise was the Philadelphia Fed Business Index, which jumped to 44.3 in January. The benchmark 10-year yield trimmed gains after the data, last up 1.4 basis points at 4.669%. It was 4.694% before the data.
Amid rising concerns about a potential ?death spiral? in the U.S. Treasury market, major international investors remain unfazed. What Happened: European money managers, Australian pension funds, and Japanese insurers are still favoring U.S. Treasuries, attracted by their yield premiums compared to other markets.
* Longer-dated U.S. Treasury yields hit a more than one-year high this week. * Markets concerned over $4 trillion cost of extending tax cuts and $36 trillion US government debt. * Democrats argue tax cuts benefit wealthy, harm fiscal position. By David Morgan.
Japanese government bond yields dropped on Thursday amid pressure from a steep slide in U.S. Treasury yields overnight and strong demand at an auction of domestic 20-year bonds. The 10-year JGB yield sank 4.5 basis points to 1.205% as of 0555 GMT, retreating from Wednesday's peak of 1.255%, a level previously not seen since April 2011.
Japanese government bond yields fell on Thursday amid pressure from a steep slide in U.S. bond yields overnight, as cooling core inflation reignited bets for a Federal Reserve interest rate cut by July. However, rising bets for the Bank of Japan to raise rates at its meeting next week bolstered the yen and mitigated the decline in domestic yields.
MSCI's global equities gauge rose on Thursday, while Wall Street indexes closed lower and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve official comments suggesting more interest rate cuts on the horizon. On Wednesday, U.S. share prices surged after data showed easing in U.S. core inflation.
* US core inflation rises 0.2%, as expected. * US 10-year yield has largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 38 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
* US stocks rise after core inflation up less than forecast. * U.S. Treasury yields fall with dollar. * Oil settles higher with sanction, stockpile draw support. By Sin?ad Carew and Amanda Cooper.
* US core inflation rises 0.2%, as expected. * US 10-year yield on pace for largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 38 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
* US stocks rise after core inflation up less than forecast. * U.S. Treasury yields fall with dollar. * Oil and gold rally. By Sin?ad Carew and Amanda Cooper. A global equities gauge rallied on Wednesday while the dollar fell with Treasury yields after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further.
* US 10-year yield on pace for largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 40 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
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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