Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index was shedding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was falling 1.5%. Bitcoin was increasing 1.2% to $60,184, and the yield for 10-year US Treasuries was slightly hi...
* US labor market data due later this week. * Yield on 2-year note rises after four straight daily declines. By Chuck Mikolajczak. Shorter-dated U.S. Treasury yields were mostly higher on Monday, as crude prices rose following attacks between the U.S. and Iran over the weekend and ahead of a flurry of labor market data later this week. BENCHMARK YIELDS EDGE HIGHER.
* Dollar index on track for 2.5% jump in June. * Middle East tensions, US jobs data in focus. * Markets await ECB forum for policy signals. By Jiaxing Li. The U.S. dollar held firm on Monday, on track for its biggest monthly gain in nearly a year, as Gulf tensions and elevated Treasury yields underpinned demand ahead of key jobs data later in the week.
Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.1%. The Philadelphia Housing Index was falling 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.1%. Bitcoin was increasing 1% to $59,823, and the yield for 10-year US Treasuries was shedding 1.8 basis poi...
Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.2%. The Philadelphia Housing Index was falling 1.9%, and the State Street Real Estate Select Sector SPDR ETF climbed 1.2%. Bitcoin was increasing 0.2% to $59,849, and the yield for 10-year US Treasuries was shedding ...
Financial stocks were higher in Friday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index was down 0.1%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.6% to $59,900, and the yield for 10-year US Treasuries was shedding 1.6 basis points to...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index increasing 0.3% and the State Street Financial Select Sector SPDR ETF adding 0.5%. The Philadelphia Housing Index was up 0.3%, and the State Street Real Estate Select Sector SPDR ETF climbed 1%. Bitcoin was increasing 0.8% to $60,083, and the yield for 10-year US Treasuries was shedding 1.7 basis points t...
* Fed funds futures traders price 63% odds of a rate hike by September. * Nine of 18 Fed policymakers projected at least one 2026 rate increase. * Reuters-polled economists expect June payrolls growth of 110,000 jobs. By Karen Brettell.
Treasuries extended their rally after the New York close and throughout Asian trading as investors sought the safety of government bonds amid a renewed technology-led selloff, according to a note from Commerzbank. Oil prices have retreated even as tensions in the Middle East persist, reflecting a market that is more focused on the outlook for global demand than on potential supply disruptions.
U.S. Federal Reserve Chairman Kevin Warsh has tapped veteran Fed staff economists Daniel Covitz and Eric Engstrom to serve as advisers, experts whose recent work included a critical look at the Fed's Summary of Economic Projections and the reasons behind rising U.S. Treasury yields. The appointments were first reported by the Wall Street Journal and confirmed by a source familiar with them.
Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index added 1.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin fell 3% to $59,162, and the yield for 10-year US Treasuries decreased 1 basis point to 4.392%. In economic...
Financial stocks were mixed in late Thursday afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index added 1.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin fell 3% to $59,162, and the yield for 10-year US Treasuries decreased 1 basis point to 4.392%. In corporate...
Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF decreasing 0.2%. The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.2%. Bitcoin was up 0.3% to $59,628, and the yield for 10-year US Treasuries was decreasing 2 basis points to...
* Monthly PCE inflation rose 0.4% in May, below economists' 0.5% forecast. * Five-year breakeven rates fell to around 2.20%, their lowest level this year. * US Treasury will sell $44 billion in 7-year notes on Thursday. By Karen Brettell.
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was climbing 5.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was dropping 4.8% to $59,625, and the yield for 10-year US Treasuries fell 9.3 basis points...
* Five-year breakeven rates fell to 2.20% from 2.74% in May. * Fed funds futures traders priced a 68% chance of a September rate hike. * Markets expect Thursday's core PCE inflation report to show 3.4% annual growth. By Karen Brettell.
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.4%. The Philadelphia Housing Index was climbing 5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was dropping 5.3% to $59,125, and the yield for 10-year US Treasuries was falling 8.9 basis poin...
Financial stocks were decreasing in Wednesday afternoon trading, with the NYSE Financial Index down 0.4% and the State Street Financial Select Sector SPDR ETF shedding 0.3%. The Philadelphia Housing Index was climbing 5.3%, and the State Street Real Estate Select Sector SPDR ETF was down 0.8%. Bitcoin was dropping 4.6% to $59,574, and the yield for 10-year US Treasuries was falling 8.3 basis po...
US equity indexes rose in midday trading Wednesday amid a sharp decline in crude oil prices and government bond yields. The Nasdaq Composite climbed 0.6% to 25,751.3, with the S&P 500 up 0.6% to 7,412.7 and the Dow Jones Industrial Average higher by 0.9% to 52,127.6. All but three sectors, energy, real estate, and financials, rose.
The 10-year German Bund yield hit a three-month low on Wednesday on the back of this week's shift by investors to thinking euro zone inflation will remain broadly in check, limiting the amount of policy tightening needed by the European Central Bank.
Financial stocks were increasing in late Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each adding 0.2%. The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 3.3% to $62,249.7, and the yield for 10-year US Treasuries decreased 1.2 basis points to 4.5...
* Stocks slump as investors seek safety in government debt. * Two-year yield stays near February 2025 highs after touching 4.236% Monday. * Core PCE seen rising 0.3% in May, with annual rate forecast at 3.4% * Treasury sees good demand for $69 billion 2-year auction. By Karen Brettell.
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.1% and the State Street Financial Select Sector SPDR ETF ahead 0.3%. The Philadelphia Housing Index was down 0.2%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 3.3% to $62,249.7, and the yield for 10-year US Treasuries decreased 1.2 basis poin...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF gained 1.5%. Bitcoin was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4...
The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank, CNBC reported on Tuesday, citing two unnamed people familiar with the matter. The Fed considered former Treasury Department official Michael Faulkender for the job, although his current status for the job could not be determined, CNBC said.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index added 0.4%, and the State Street Real Estate Select Sector SPDR ETF climbed up 1.5%. Bitcoin was falling 2.5% to $62,361, and the yield for 10-year US Treasuries was decreasing 3 basis points ...
* Stocks slump as investors seek safety in government debt. * Two-year yield stays near February 2025 highs after touching 4.236% Monday. * Core PCE seen rising 0.3% in May, with annual rate forecast at 3.4% * Treasury to auction $183 billion in notes this week, starting with $69 billion Tuesday. By Karen Brettell.
* Treasury yields elevated as rate hike bets build. * Crude extends fall on peace deal progress. * Sliding yen fuels intervention jitters. By Jiaxing Li. The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil prices inching lower on ebbing Gulf tensions, while the yen flirted with a four-decade low.
* Treasury yields elevated as rate hike bets build. * Crude bounces back following sharp fall. * Sliding yen fuels intervention jitters. By Jiaxing Li. The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve and oil prices rebounded following steep losses, while the yen flirted with a four-decade low.
Japanese government bond yields edged higher on Tuesday, in line with overnight moves in U.S. Treasuries, amid speculation that the Bank of Japan may accelerate the pace of rate hikes to address yen weakness.
US equity indexes traded mixed on Monday as steep declines in communication services and consumer discretionary stocks weighed, and government bond yields surged despite declining crude oil prices. The Nasdaq Composite dropped 1.3% to 26,166.60, with the S&P 500 down 0.4% to 7,472.79, while the Dow Jones Industrial Average rose 0.3% to 51,712.71 at the close.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.5%. The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF gained 1.3%. Bitcoin was adding 0.3% to $64,280, and the yield for 10-year US Treasuries rose 5.8 basis points to 4.509%...
* S&P 500, Nasdaq fall and EU stocks gain. * Oil prices fall as Iran and US say progress made in talks. * Sterling and UK bonds rise after PM Starmer resigns. By Chibuike Oguh. Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher interest rates that pushed U.S. Treasury yields up.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.1%. The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF gained 1.3%. Bitcoin was adding 1.7% to $64,364, and the yield for 10-year US Treasuries rose 5.8 basis points to 4.509%...
US equity indexes traded mixed amid steep declines in communication services and consumer discretionary and rising government bond yields after midday Monday.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF increasing 0.6%. The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF gained 1.6%. Bitcoin was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points to 4...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF increasing 0.7%. The Philadelphia Housing Index was shedding 0.4%, and the State Street Real Estate Select Sector SPDR ETF gained 1.6%. Bitcoin was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points ...
* S&P 500 edges lower and EU stocks gain. * Oil prices fall as Iran and US say progress made in talks. * Sterling and UK bonds rise after PM Starmer resigns. By Chibuike Oguh. Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher interest rates that pushed U.S. Treasury yields up.
* Fed funds futures priced a 73% chance of a rate hike by September. * Bank of America now expects three Fed rate hikes this year. * The Treasury will auction $183 billion in coupon-bearing notes this week. By Karen Brettell.
The U.S. and Iran made "encouraging progress" during peace talks in Switzerland, mediators Qatar and Pakistan have said, according to a note from Commerzbank. Commerzbank said that the sides in the talks established "a communication line to ensure the safe passage for commercial ships through the Strait of Hormuz, and pursue a roadmap toward a final deal within 60 days."
Societe Generale in its early Monday economic news summary pointed out: -- Brent -1.9% at US$79.1/barrel, two-year United States Treasury yield climbs to new post-FOMC high, September +25bps nailed on, second hike by March 2027.
* S&P 500 and EU stocks pare losses, Nikkei bounces. * Brent eases as Iran says progress made in peace talks. * Treasury yields up, Fed futures wager on September hike. * Sterling soft on reports UK PM Starmer may resign. By Wayne Cole.
* S&P 500 and EU stocks pare losses, Nikkei bounces. * Brent eases as Iran says progress made in peace talks. * Treasury yields up, Fed futures wager on September hike. * Sterling soft on reports UK PM Starmer may resign. By Wayne Cole.
Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher interest rates that pushed U.S. Treasury yields up. U.S. Vice President JD Vance said in Switzerland that Iran agreed to allow nuclear inspectors into the country, with conversations over the inspections possibly beginning as soon as this week.
* S&P 500 and EU stocks futures slip, Nikkei edges up. * Oil climbs as Iran claims it has shut Strait of Hormuz. * Treasury yields rise, Fed futures wager on September hike. * Sterling soft on reports UK PM Starmer may resign. By Wayne Cole.
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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