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.
US equity investors will remain focused on President Donald Trump's attempts to force Iran to reopen the Strait of Hormuz as the 30-year Treasury yield traded at a 28-year high amid inflation concerns and Nvidia's (NVDA) quarterly results.
U.S. stock indexes were on track for a higher open on Monday as heavyweight semiconductor stocks recovered, while a bond market rout that had sparked a selloff the previous week appeared to cool. The 10-year Treasury yield, the benchmark for global borrowing costs, fell to 4.573%, having climbed as much as 4.631% to its highest level since February 2025 earlier in the session.
* 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 of global rate hikes. * British gilts unusual outperformer on Monday. By Alun John and Rae Wee.
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
The iShares 20+ Year Treasury Bond ETF stock price crashed to its lowest level since November 2023 as US bond yields surged after the strong consumer and producer inflation numbers. ETFs tracking long-term government bonds continued their strong downward momentum last week as concerns about the US economy rose.
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yields higher. The Nasdaq tumbled 1.5% to 26,225.1, while the S&P 500 dropped 1.2% to 7,408.5. The Dow Jones Industrial Average lost 1.1% to 49,526.2. Barring energy, all sectors ended in the red, led by materials' 2.7% slump.
US equity indexes slumped as continuing uncertainty over the reopening timeline for the Strait of Hormuz following the China summit spooked investors, sending government bond yields and crude oil futures sharply higher. The Nasdaq Composite dropped 1.4% to 26,225.14, with the S&P 500 down 1.2% to 7,408.5 and the Dow Jones Industrial Average seen lower by 1% to 49,526.1 at the close on Friday.
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.
Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 0.3%. The Philadelphia Housing Index shed 3.1%, and the State Street Real Estate Select Sector SPDR ETF fell 1.5%. Bitcoin declined 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to 4.595%. In econ...
Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index shed 2.8%, and the State Street Real Estate Select Sector SPDR ETF fell 1.3%. Bitcoin was declining 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to nearly 4.60%...
* 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.
US benchmark equity indexes were lower intraday as Treasury yields jumped amid inflation concerns, while oil prices moved higher on the back of renewed Middle East worries. The Nasdaq Composite and the Dow Jones Industrial Average were down 0.8% each at 26,412.7 and 49,658.24, respectively, after midday Friday.
Gold traded lower midafternoon Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates. Gold for June delivery was last seen down $119.40 to US$4,565.90 per ounce.
Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index was down 3%, and the State Street Real Estate Select Sector SPDR ETF fell 1.4%. Bitcoin was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%. In eco...
US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading on Friday as investors weighed the probability of the Strait of Hormuz reopening in the near term. The Nasdaq Composite fell 1.1% to 26,340.3, while the S&P 500 was down 0.9% to 7,433.7 and the Dow Jones Industrial Average was lower by 0.8% to 49,646.5. All sectors except energy fell.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF easing 0.1%. The Philadelphia Housing Index was falling 3%, and the State Street Real Estate Select Sector SPDR ETF dropped 1.4%. Bitcoin was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%...
US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading as investors weighed the outcome of the China summit. The Nasdaq Composite fell 1.2% to 26,321.9, while the S&P 500 and Dow Jones Industrial Average both lost 0.9% to 7,432.4 and 49,598.9, respectively. All sectors except energy fell.
All three major US stock indexes were down while US Treasury yields were up in late-morning trading Friday, as investors consider developments from President Donald Trump's summit with Chinese President Xi Jinping. In company news, major semiconductor shares were down after the US-China summit failed to produce any major semiconductor agreements, Yahoo Finance reported.
* 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.
Gold traded sharply lower early Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates.
* 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.
Societe Generale in its early Friday economic news summary pointed out: -- Risk off as United States Treasury yields accelerate, OIS pricing 80% chance of Federal Reserve rate hike by December. -- Federal Reserve's Williams: no need to raise or cut rates now, policy in a good place. -- Day ahead: U.S. industrial production.
* 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.
The U.S. dollar is headed for its strongest weekly performance in more than two months on Friday as Treasury yields climbed and traders scaled back expectations for Federal Reserve rate cuts. The U.S. Dollar Index rose to 99.15 at 4:12 a.m. ET, gaining about 1.3% for the week. UUP is among the biggest beneficiaries of the rising dollar.
* 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.
Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index increasing 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.6%. Bitcoin gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%. In e...
Financial stocks were higher late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.6%. Bitcoin gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%. I...
Financial stocks were higher Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.45%...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 2.8 basis points ...
* 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.
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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