"Light demand" for Wednesday's 20-year Treasury bond auction "propelled yields to the nosebleeds and equities to the basement," said Jos? Torres, senior economist at Interactive Brokers.
Financial stocks declined in late Wednesday afternoon trading with the NYSE Financial Index falling 1.9% and the Financial Select Sector SPDR Fund dropping 1.8%. The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund shed 2.3%. Bitcoin rose 0.7% to $107,067, and the yield for 10-year US Treasuries jumped 12 basis points to 4.59%. In economic news, some Republic...
The iShares 20+ Year Treasury Bond ETF, a closely watched gauge of long-term U.S. government debt, fell 1.7% on Wednesday to its lowest level in six months. The selloff also reflects deepening concern over America's fiscal trajectory, with long-term yields rising in the wake of Moody's recent downgrade of U.S. sovereign credit.
Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index falling 1.9% and the Financial Select Sector SPDR Fund dropping 2%. The Philadelphia Housing Index slumped 2.9%, and the Real Estate Select Sector SPDR Fund was shedding 2.6%. Bitcoin was increasing 0.7% to $107,067, and the yield for 10-year US Treasuries jumped 12 basis points to 4.59%. In economic ne...
US benchmark equity indexes were lower intraday, while Treasury yields rose as markets tracked developments around President Donald Trump's proposed tax-cut bill.
Financial stocks declined in Wednesday afternoon trading, with the NYSE Financial Index falling 1.5% and the Financial Select Sector SPDR Fund dropping 1.6%. The Philadelphia Housing Index slumped 2.3%, and the Real Estate Select Sector SPDR Fund was shedding 1.9%. Bitcoin was increasing 0.2% to $106,540, and the yield for 10-year US Treasuries jumped 10.8 basis points to 4.59%. In economic new...
US equity indexes fell as fiscal jitters pushed government bond yields higher and mixed earnings from the biggest retailers hurt risk sentiment. The Nasdaq Composite fell 0.6% to 19,026.1, the S&P 500 declined 1% to 5,881.4, and the Dow Jones Industrial Average dropped 1.6% to 41,980.5. The communications services sector was the sole gainer intraday.
Financial stocks were slipping in Wednesday afternoon trading, with the NYSE Financial Index falling 1.3% and the Financial Select Sector SPDR Fund dropping 1.7%. The Philadelphia Housing Index slumped 2.4%, and the Real Estate Select Sector SPDR Fund was shedding 1.9%. Bitcoin was increasing 0.5% to $107,358, and the yield for 10-year US Treasuries jumped 10 basis points to 4.58%. In economic ...
US equity indexes traded mixed after gains in Alphabet's shares helped lift the Nasdaq Composite while domestic fiscal jitters weighed over government bond yields. The Nasdaq Composite rose 0.4% to 19,219.2 after midday on Wednesday. The communications services sector, home to Alphabet, was the top gainer and among the only two peer groups trading higher intraday.
The Dow Jones Industrial Average and S&P 500 Index were down, while the Nasdaq Composite was up in late-morning trading Wednesday, as long-dated US Treasury yields eclipsed notable thresholds.
The yields on 30-year and 10-year US Treasury bonds rose back above key thresholds that roiled markets in April after President Donald Trump's tariff announcement. The 30-year yield was at 5.01% while the 10-year yield was at 4.53% as of 10:30 am ET on Wednesday.
Mortgage rates have jumped to their highest level in three months as U.S. Treasury yields, driven by rising deficits and fiscal policy fears, push the 30-year benchmark above the critical 5% mark. According to the latest Mortgage Bankers Association report, mortgage application volumes in the U.S. dropped 5.1% for the week ending May 16, the steepest decline in a month.
Financial stocks fell in late Tuesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.6%. The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund decreased 0.5%. Bitcoin rose 1.2% to $106,743, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.49%. In economic news, Redfin said US home p...
Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund each shedding 0.7%. The Philadelphia Housing Index declined 1.4%, and the Real Estate Select Sector SPDR Fund was decreasing 0.7%. Bitcoin rose 1.4% to $106,334, and the yield for 10-year US Treasuries was little changed at 4.48%. In economic news, Redfin said US home ...
Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.7%, and the Real Estate Select Sector SPDR Fund was decreasing 0.5%. Bitcoin rose 0.8% to $106,2471, and the yield for 10-year US Treasuries was little changed at 4.48%. In economic news, Redfin said US home...
Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index declined 0.7%, and the Real Estate Select Sector SPDR Fund was decreasing 0.5%. Bitcoin rose 0.5% to $106,164, and the yield for 10-year US Treasuries was little changed at 4.48%. In economic news, Redfin said US home ...
Gold traded higher for a second day early on Tuesday even as treasury yields rise after last week's downgrade of the U.S. credit rating by Moody's Ratings. Gold for June delivery was last seen up US$15.00 to US$3,248.50 per ounce, remaining under the April 21 record of US$3,425.30 per ounce.
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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