* Trump's tariffs stoke recession fears, impacting global markets. * Yields on U.S. Treasuries drop significantly amid economic concerns. * Gauge of U.S. services sector hits nine-month low. By Chuck Mikolajczak.
* Dollar follows Treasury yields lower on US growth worries. * Investors flee to safe havens yen and Swiss franc. * Asian currencies struggle in the face of US tariffs. By Yadarisa Shabong and Ankur Banerjee.
* Dollar follows Treasury yields lower on US growth worries. * Investors flee to safe havens yen and Swiss franc. * Asian currencies struggle in the face of US tariffs. By Ankur Banerjee and Yadarisa Shabong.
* Dollar follows Treasury yields lower on US growth worries. * Investors flee to safe havens yen and Swiss franc. * Asian currencies struggle in the face of US tariffs. By Ankur Banerjee.
-World markets were slammed on Thursday by U.S. President Donald Trump's unveiling of reciprocal tariffs to match duties put on U.S. goods by other countries. Stock markets tumbled and investors dashed to the relative safety of bonds, gold and the yen. U.S. Treasury yields slid, China's yuan dropped to a seven-week low, crude oil slumped and the dollar came under heavy selling pressure.
* Gold gains ground on safe-haven flows. * Treasury yields fall while U.S. dollar loses ground. * Trading choppy after Trump tariff announcements. By Sin?ad Carew.
U.S. Treasury yields fell on Wednesday and two-year yields were the lowest in three weeks after U.S. President Donald Trump said he is imposing reciprocal tariffs to match duties put on U.S. goods by other countries.
TRADING DAY. Only 24 hours until Trump unveils new tariffs. The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S. President Donald Trump's "Liberation Day" on Wednesday, with markets struggling for clear direction as Trump's new trade barriers loomed into view. Stocks mostly rose but U.S. Treasury yields tumbled, while gold and the dollar broadly held steady.
TRADING DAY. Only 24 hours until Trump unveils new tariffs. The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S. President Donald Trump's "Liberation Day" on Wednesday, with markets struggling for clear direction as Trump's new trade barriers loomed into view. Stocks mostly rose but U.S. Treasury yields tumbled, while gold and the dollar broadly held steady.
For most of the past five years, bonds have been in a brutal bear market. Since peaking on March 9, 2020, the iShares 20+ Year Treasury Bond ETF ? the world?s largest fixed-income ETF ? has lost nearly 50%, battered by tight monetary policy, strong economic growth and persistent inflation. Yet, fresh reversal signals have started emerging as the first quarter of 2025 draws close.
* Goldman Sachs raises U.S. recession probability to 35% * Trump's tariffs increase risk-off sentiment among investors. * 10-year yield on track for third straight monthly fall. By Chuck Mikolajczak.
* White House to announce suite of reciprocal levies on Wednesday. * Dollar under pressure from sliding Treasury yields. * Hotter-than-expected US inflation spurs stagflation worries. By Kevin Buckland and Yadarisa Shabong.
* White House to announce suite of reciprocal levies on Wednesday. * Dollar under pressure from sliding Treasury yields. * Hotter-than-expected US inflation spurs stagflation worries. By Kevin Buckland.
* Dollar under pressure from sliding Treasury yields. * Hotter-than-expected U.S. inflation spurs stagflation worries. * White House to announce suite of reciprocal levies on Wednesday. By Kevin Buckland.
U.S. Treasury yields had a relatively muted response to the release on Friday of the U.S. Personal Consumption Expenditure data, the Federal Reserve's favored indicator for inflation. The Personal Consumption Expenditures price index increased 0.3% in February, in line with forecasts, after advancing by an unrevised 0.3% in January.
The dollar weakened on Friday on growth concerns ahead of a planned announcement next week by U.S. President Donald Trump on reciprocal tariffs, with the Japanese yen benefiting from safe haven flows as stocks tumbled and Treasury yields fell.
U.S. Treasury long-term yields rose to their highest levels in over a month on Thursday as investors weighed the inflationary impact of President Donald Trump's latest tariff moves alongside fresh data showing continued economic resilience.
* US consumer confidence reading falls in March. * Fed's Kugler sees slow progress on US inflation. * US two-year note auction results were better than expected. By Gertrude Chavez-Dreyfuss and Douglas Gillison.
* US consumer confidence reading falls in March. * Fed's Kugler sees slow progress on US inflation. * Focus on US two-year note auction. By Douglas Gillison and Davide Barbuscia.
The recent drop in U.S. yields has raised speculation that a wave of buying of Treasury securities and derivative products called interest rate swaps by mortgage portfolio managers and insurance companies was partly responsible for their decline. These purchases are for "convexity" buying that helps offset the effects of mortgage refinancing to take advantage of lower interest rates.
* 10-year climbs as investors take some comfort. * S&P data also boost yields. * Analysts say markets still contending with uncertainty. By Douglas Gillison and Davide Barbuscia.
* Major U.S. indexes up more than 1% * Reports suggest Trump tariffs may be targeted. * Bostic sees only one Fed cut this year. By Chuck Mikolajczak. Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump's tariff plan may use a more targeted approach than previously thought, boosting risk appetite.
* Major U.S. indexes up more than 1% * Reports suggest Trump tariffs may be targeted. * Bostic sees only one Fed cut this year. By Chuck Mikolajczak. Global stocks rallied on Monday, powered by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump's tariff plan may use a more targeted approach than previously thought, boosting risk appetite.
* Major U.S. indexes up more than 1% * Reports suggest Trump tariffs may be targeted. * S&P manufacturing PMI falls back into contraction. By Chuck Mikolajczak. Global stocks rallied on Monday while U.S. Treasury yields climbed after reports that President Donald Trump's administration may take a more targeted approach to tariffs than previously believed, boosting risk appetite.
U.S. Treasury yields started the week on the upswing on Monday as investors digested media reports that President Donald Trump could soften the hit from a tranche of tariffs expected next week, adding to gains seen on Friday.
Japanese government bond yields rose on Monday, following U.S. Treasury yields higher, as a risk-off mood spread ahead of a looming deadline for another round of U.S. tariffs to come into effect. The 10-year JGB yield was up 1.5 basis points at 1.535%, 10-year JGB futures fell 0.15 points to 137.88 yen.
Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump's tariff plan may use a more targeted approach than previously thought, boosting risk appetite.
Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump's tariff plan may use a more targeted approach than previously thought, boosting risk appetite. Trump?said?automobile tariffs are coming soon, and said he may give "a lot of countries" breaks on tariffs, but provided no details.
* US 10-year yield higher, but holds in tight range. * Fed's Williams says policy in right place for now. * Fed's Goolsbee says uncertain if tariffs will lead to persistent inflation. By Karen Brettell.
* DOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS I DONT BELIEVE WE ARE GOING TO SEE A CUT IN THE NEXT FED MEETING - CNBC INTERVIEW. * DOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS I THINK THE FIRST CUT MIGHT COME IN JUNE-JULY - CNBC INTERVIEW. * DOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS NOT A FAN OF 30-YEAR TREASURYS, PREFER SHORTER-MATURITY BONDS - CNBC INTERVIEW.
TRADING DAY. Parsing the Fed's new economic projections and 'dot plot' Wall Street rallied sharply. and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation.
TRADING DAY. Parsing the Fed's new economic projections and 'dot plot' Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation.
Foreign holdings of U.S. Treasuries held steady in January from the previous month, rising from levels a year earlier, data from the Treasury Department showed on Wednesday, suggesting demand for government debt in the world's largest economy remained intact. Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from the previous month.
TRADING DAY. Parsing the Fed's new economic projections and 'dot plot' Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation.
TRADING DAY. Parsing the Fed's new economic projections and 'dot plot' Wall Street rallied sharply. and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation.
* Fed leaves interest rates unchanged, lowers economic outlook. * Central bank forecasts 50 basis points of rate cuts in 2025. * European stocks nab fourth straight day of gains. * Turkish assets drop after arrest of Erdogan rival. By Stephen Culp.
Foreign holdings of U.S. Treasuries held steady in January from the previous month, rising from levels a year earlier, data from the Treasury Department showed on Wednesday, suggesting demand for government debt in the world's largest economy remained intact. Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from the previous month.
* Fed leaves interest rates unchanged; lowers economic outlook. * Central bank sees 50 basis points of rate cuts in 2025. * European stocks nab fourth straight day of gains. * Turkish assets drop after arrest of Erdogan rival. By Stephen Culp.
U.S. Treasury yields pared earlier gains on Wednesday after the Federal Reserve held interest rates steady, as expected, while U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year.
* Yields rise ahead of Fed's rate decision and economic projections. * Focus on potential changes to SLR and quantitative tightening policies. * Traders watch U.S.-Russia negotiations and reciprocal tariff rates. By Karen Brettell.
Investors have been flocking to U.S. Treasuries as a safe haven due to market turmoil fueled by President Donald Trump's trade policies, but a looming debt ceiling debate and ongoing political brinkmanship are stark reminders that even the world's ultimate risk-free asset is not immune to cracks.
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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