* ISM manufacturing PMI index hits highest since August 2022. * US private payrolls rise in March. * US rate futures shift from pricing hikes to modest easing. * Trump says US will end war in Iran. * Markets await Trump's remarks Wednesday evening. By Gertrude Chavez-Dreyfuss.
Financial stocks advanced Wednesday afternoon, with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF gaining 0.6%. The Philadelphia Housing Index climbed 1.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin increased 0.8% to $68,708, and the yield for 10-year US Treasuries was up slightly at almost 4.32%. In economic news, US...
Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 1.2% and the State Street Financial Select Sector SPDR ETF gaining 0.6%. The Philadelphia Housing Index climbed 1.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin increased 0.8% to $68,708, and the yield for 10-year US Treasuries eased 1 basis point to 4.30%. In corporate ...
* ISM manufacturing PMI hits highest level since August 2022. * Prices-paid index jumps to 78.3, highest since June 2022, amid supply chain issues. * US rate futures shift from pricing hikes to modest easing. * Trump says US will end war in Iran. By Gertrude Chavez-Dreyfuss.
By Jamie McGeever. Are central banks unloading Treasuries amid the controversial U.S.-led war in the Middle East? On the one hand, foreign-owned Treasuries held in custody at the New York Federal Reserve just fell to a 16-year low below $3 trillion. As I wrote last week, the decline in Fed "custody" holdings since the Iran war started on February 28 has been eye-catching.
U.S. Treasury yields came off their lows for the day after a pair of reports on Wednesday showed continued resilience for the world's largest economy, affirming expectations that the Federal Reserve will hold off cutting interest rates for some time. Both U.S. private payrolls for March and retail sales came in higher than expected.
The two-year cross-market differential between Government of Canada bonds and United States Treasuries trades near 96bps early Wednesday, said National Bank of Canada. Despite the "choppiness," that's a similar level to where it resided in February and has cheapened only slightly relative to the onset of the war in the Middle East, noted the bank.
The dollar's modest rebound since the U.S.-Israeli war on Iran started a little over a month ago will fade as its safe-haven appeal erodes, according to currency strategists in a Reuters poll who stuck to their long-held view the currency will weaken. Traditional safe havens have generally faltered, with U.S. Treasury yields markedly higher and gold slipping over 10% since the conflict started.
The interest rate on the most popular U.S. home loan jumped last week to its highest level since August, as rising oil prices fueled inflation fears and drove up yields on the Treasury bonds that lenders widely use as benchmarks for setting mortgage rates.
The interest rate on the most popular U.S. home loan jumped last week to the highest since August, as rising oil prices from the U.S. and Israeli war on Iran fueled inflation fears and drove up yields on the Treasury bonds that lenders widely use as benchmarks for setting mortgage rates.
* Gold rises over 1% to highest since March 19. * US Dollar at 1-week low, 10-yr Treasury yields near two-week low. * Trump says deal with Iran not necessary for conflict to wind down. By Ishaan Arora.
Global stocks rallied and oil futures retreated on Wednesday on hopes of a de-escalation in the Iran war. The U.S. dollar softened against a basket of other currencies, while U.S. Treasury yields rose from their lows after a pair of reports underscored resilience in the U.S. economy.
Financial stocks rose Tuesday with the NYSE Financial Index adding 2.5% and the State Street Financial Select Sector SPDR ETF gaining 2.1%. The Philadelphia Housing Index climbed 2.9%, and the State Street Real Estate Select Sector SPDR ETF advanced 1.6%. Bitcoin advanced 1.6% to $67,803, and the yield for 10-year US Treasuries fell 3 basis points to 4.31%. In economic news, US job openings fel...
Financial stocks were advancing late Tuesday afternoon, with the NYSE Financial Index rising 2.3% and the State Street Financial Select Sector SPDR ETF gaining 2%. The Philadelphia Housing Index was climbing 2.9%, and the State Street Real Estate Select Sector SPDR ETF was up 1.9%. Bitcoin advanced 1.6% to $67,803, and the yield for 10-year US Treasuries decreased 3 basis points to 4.31%. In co...
Foreign central banks have reduced their holdings of US Treasuries held at the New York Federal Reserve to the lowest level since 2012 due to the ongoing Iran war, the Financial Times reported Tuesday, citing Fed data.
Financial stocks were advancing Tuesday afternoon, with the NYSE Financial Index rising 2.1% and the State Street Financial Select Sector SPDR ETF gaining 1.8%. The Philadelphia Housing Index was climbing 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was up 1.5% at $67,695, and the yield for 10-year US Treasuries was down 4 basis points at 4.30%. In economic...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF gaining 1.8%. The Philadelphia Housing Index was climbing 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was increasing 1.5% to $67,695, and the yield for 10-year US Treasuries was falling 4 basis points...
* US 2/10 yield-curve bull steepens. * US rate futures shift from pricing hikes to modest easing. * US notes, bonds headed for monthly increase. By Gertrude Chavez-Dreyfuss. U.S. Treasuries ended the first quarter higher on Tuesday, rebounding after a month of heavy selling, as a report suggesting possible de-escalation in the Middle East boosted demand for government debt.
Inflation risks have driven Treasury yields higher since the U.S. clash with Iran ignited energy prices. Wall Street continues to expect the war to end soon, easing pressure on both the price of oil and the U.S. purse. BNP Paribas, for instance, expects the U.S. deficit to stay just below 6% of GDP over 2026 and 2027. SIGNS OF INFLATION STRESS.
Financial stocks were advancing late Monday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.7%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin was up 0.5% to $66,277, and the yield for 10-year US Treasuries dropped 9.8 basis points to 4.34%. In economic news...
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.7%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was increasing 0.5% to $66,277, and the yield for 10-year US Treasuries dropped 9.8 basis points to 4.34%...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.9% and the State Street Financial Select Sector SPDR ETF rising 1.1%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was increasing 0.9% to $66,761, and the yield for 10-year US Treasuries was dropping 9.6 basis points to 4.34%....
Gold rose for a second day midafternoon on Monday, regaining ground lost to the dollar and bonds amid fears of rising inflation, with treasury yields falling as the war on Iran continues. Gold for May delivery was last seen up $34.80 to US$4,558.20 per ounce.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.9% and the State Street Financial Select Sector SPDR ETF rising 1.1%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was increasing 0.9% to $66,761, and the yield for 10-year US Treasuries was dropping 9.6 basis points to 4.34%....
* US 10-year yield sees largest one-day rise since October 10. * US two-year yields post biggest monthly rise since October 2024. * US crude futures up over 50% in March. By Gertrude Chavez-Dreyfuss.
Gold rose for a second day early Monday, regaining ground lost to the dollar and bonds amid fears of rising inflation, with treasury yields falling and equities faltering as the war on Iran continues. Gold for May delivery was last seen up $81.00 to US$4,605.30 per ounce.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index falling 1.9% and the State Street Financial Select Sector SPDR ETF dropping 2.4%. The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.7%. Bitcoin was falling 4.3% to $65,832, and the yield for 10-year US Treasuries rose 2.4 basis points at...
U.S. Treasury yields rose on Friday as uncertainty persisted around the Iran war and elevated energy prices. The selloff in Treasuries comes as energy prices remained elevated despite U.S. President Donald Trump on Thursday extending a pause on energy infrastructure strikes against Iran.
Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index falling 1.9% and the State Street Financial Select Sector SPDR ETF dropping 2.4%. The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.7%. Bitcoin was falling 4.3% to $65,832, and the yield for 10-year US Treasuries rose 2.4 basis points at...
* Stocks continue to slide as Trump fails to calm markets. * US Treasury yields hit highest since July as bonds fall. * Analyst: 'Words alone aren't cutting it right now' By Chibuike Oguh and Harry Robertson.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 2%. The Philadelphia Housing Index was 0.7% lower, and the State Street Real Estate Select Sector SPDR ETF eased 0.2%. Bitcoin was falling 4.5% to $65,669, and the yield for 10-year US Treasuries was up 1.2 basis points at 4.428%. In ...
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index falling 1.3% and the State Street Financial Select Sector SPDR ETF dropping 1.9%. The Philadelphia Housing Index was 0.3% lower, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin was falling 4.1% to $65,944, and the yield for 10-year US Treasuries was up 1.2 basis points at 4.428%. I...
* Stocks continue to slide as Trump fails to calm markets. * US Treasury yields hit highest since July as bonds fall. * Analyst: 'Words alone aren't cutting it right now' By Chibuike Oguh and Harry Robertson.
Yields on benchmark 10-year U.S. Treasuries rose to their highest level since July on Friday as markets grappled with the fallout of the Iran war, after U.S. President Donald Trump's extension of a key deadline failed to soothe energy prices. The yield on 10-year Treasury notes rose to 4.464%, up 4 basis points, after jumping 9 bps the previous day.
* Stocks continue to slide as Trump fails to calm markets. * US president extended key deadline but oil prices rise again. * US Treasury yields hit highest since July as bonds fall. By Harry Robertson and Stella Qiu.
US equity indexes slumped on Thursday as divergent and confusing messaging about the state of discussions between Washington and Tehran to end the war lifted crude oil futures and government bond yields. The Nasdaq Composite sank 2.4% to 21,408.08, with the S&P 500 down 1.7% to 6,477.16, and the Dow Jones Industrial Average 1% lower at 45,960.11. All but two sectors, energy and utilities, fell.
Financial stocks were decreasing late Thursday afternoon, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 4.1% to $68,445, and the yield for 10-year US Treasuries climbed 8.8 basis points ...
Financial stocks were decreasing late Thursday afternoon, with the NYSE Financial Index shedding 0.8% and the State Street Financial Select Sector SPDR ETF down 0.7%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was decreasing 0.2%. Bitcoin was declining 4.1% to $68,445, and the yield for 10-year US Treasuries climbed 8.8 basis points ...
Financial stocks were decreasing Thursday afternoon, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.6%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was declining 3.3% to $68,952, and the yield for 10-year US Treasuries climbed 8 basis points to 4.40%. In ec...
US equity indexes fell midday Thursday after President Donald Trump's warning that Iran "get serious" in working out a peace deal with Washington sent crude oil futures and government bond yields higher.
Financial stocks were decreasing Thursday afternoon, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.6%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was declining 3.3% to $68,952, and the yield for 10-year US Treasuries climbed 8 basis points to 4.40%. In ec...
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.
Log In Required
Publication Date