US equity indexes fell, pressured by higher crude oil and Treasury yields, amid concern that Iran's nuclear ambitions could breach President Donald Trump's red lines. The Nasdaq Composite fell by 0.5% to 26,136.5, with the S&P 500 down 0.4% to 7,404.4 and the Dow Jones Industrial Average lower by 0.2% to 49,888.2 in midday trading Thursday.
* Oil prices climb over 2% * Iran issues directive on country's near-weapons-grade uranium. * Traders now see 58% chance of at least one rate hike by 2026-end. By Ishaan Arora. Gold prices fell 1% on Thursday as climbing oil prices heightened inflation worries, boosting bets for U.S. rate hikes and lifting Treasury yields and the dollar, which added more pressure on bullion.
U.S. Treasury yields retraced a portion of their Thursday morning gains after the release of stronger-than-expected economic data, as investors weigh the Iran war's impact on inflation and the U.S. economy.
* Oil prices climb around 3% * Tehran said it was reviewing Washington's latest responses. * Gold has fallen more than 14% since the war began. By Anjana Anil. Gold eased on Thursday, pressured by a stronger U.S. dollar and high Treasury yields, while stagnant peace talks in the Middle East kept oil elevated, inflation concerns alive, and reinforced bets of higher interest rates.
* Oil prices edge higher. * Tehran said it was reviewing Washington's latest responses. * Gold has fallen more than 14% since the war began. By Anjana Anil. Gold ticked lower on Thursday, pressured by a stronger U.S. dollar and high Treasury yields, while stagnant peace talks in the Middle East kept oil elevated, inflation concerns alive, and reinforced bets of higher interest rates.
A selloff in the U.S. Treasury market has pushed long-term yields dangerously close to?and in some cases above?the 5% threshold, igniting an intense ideological battle among Wall Street's top macro minds over whether the global economy is entering a permanent structural shift or a temporary disruption.
* Traders see 39% chance of a 25-bp U.S. rate hike in December. * Fed minutes show more policymakers open to a rate hike. * Trump says negotiations with Iran in final stages. By Noel John. Gold edged lower on Thursday as higher Treasury yields and a firm dollar weighed on the metal, while hopes of a resolution to the U.S.-Iran conflict limited losses.
* Treasury yields fall while US stocks end up. * Oil prices drop sharply. * Nvidia (NVDA) shares down slightly after the bell following results. By Caroline Valetkevitch and Alun John.
US equity indexes jumped at the close on Wednesday as government bond yields sank amid a slide in crude oil futures after President Donald Trump talked up expectations for an Iran peace agreement. The Nasdaq Composite advanced 1.6% to 26,270.36, with the S&P 500 up 1.1% to 7,432.97 and the Dow Jones Industrial Average higher by 1.3% to 50,009.35 on Wednesday.
US stocks rebounded Wednesday as traders parsed minutes of the Federal Reserve's latest monetary policy meeting, while Treasury yields slid. The Nasdaq Composite rose 1.5% to 26,270.4, while the S&P 500 advanced 1.1% to 7,433, both rising after a three-day fall.
* Treasury yields retraced Tuesday gains after Trump says Iran deal near. * Treasuries have sold off as Iran war, high energy levels persist. * 20-year bond auction meets with somewhat soft demand. By Matt Tracy. May 20 - Yields on U.S. Treasuries on Wednesday retraced their previous day's gains, after President Donald Trump said deal talks with Iran were in their final stage.
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.2%. The Philadelphia Housing Index was climbing up 3.6%, and the State Street Real Estate Select Sector SPDR ETF was up 1.1%. Bitcoin was increasing 1% to $77,510, and the yield for 10-year US Treasuries dropped 9.5 basis poin...
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.2%. The Philadelphia Housing Index was climbing up 3.6%, and the State Street Real Estate Select Sector SPDR ETF was up 1.1%. Bitcoin was increasing 1% to $77,510, and the yield for 10-year US Treasuries dropped 9.5 basis poin...
* Treasury yields fall while US stocks up. * Investors await Nvidia (NVDA) results after bell. * Oil prices drop sharply. By Caroline Valetkevitch and Alun John. U.S. Treasury yields and oil prices fell on Wednesday as hopes increased that the U.S. is nearing a deal with Iran to end the war in the Middle East, while major stock indexes rose ahead of closely watched results from Nvidia.
* Dollar falls as Iran deal hopes rise, Treasury yields drop. * Fed minutes show growing support for possible rate hike. * Yen in focus as it nears intervention zone. By Karen Brettell. The U.S. dollar retreated from a six-week high on Wednesday on rising hopes that the U.S. is nearing a deal with Iran to end the war in the Middle East.
Gold traded higher midafternoon Wednesday as treasury yields and the dollar fell. Gold for June delivery was last seen up US$25.90 to US$4,537.10 per ounce.
Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was climbing up 3.4%, and the State Street Real Estate Select Sector SPDR ETF was up 0.8%. Bitcoin was increasing 0.9% to $77,453, and the yield for 10-year US Treasuries was dropping 9 basis poin...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF was up 0.8%. Bitcoin was increasing 0.9% to $77,453, and the yield for 10-year US Treasuries was dropping 9 basis poin...
The iShares 20+ Year Treasury Bond ETF??attracted $652.41 million in inflows on May 19, per Etf.com, signaling some investors are piling into long-duration Treasuries even with fears of higher inflation and interest rates driving yields up.
* Treasury yields fall while Nasdaq up more than 1% * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices drop sharply. By Caroline Valetkevitch and Alun John.
All three major US stock indexes were up in late-morning trading Wednesday, a day after a jump in long-dated US Treasury yields caused equities to retreat, and ahead of Nvidia's (NVDA) highly anticipated earnings results in the afternoon.
* US Treasury yield increase supports dollar as Fed rate hike odds rise. * Trump signals rate cuts unlikely until Iran conflict ends. * Yen nears intervention zone. By Karen Brettell. The U.S. dollar retreated from a six-week high on Wednesday on rising hopes that the U.S. is nearing a deal with Iran to end the war in the Middle East.
* Trump again says the war with Iran would end "very quickly" * Investors see 48.6% chance the Fed could raise rates in December. * Minutes from the Fed's April FOMC meeting due later today. By Anjana Anil.
Yields on U.S. Treasuries moved lower on Wednesday following a selloff in the previous session, as uncertainty persisted around the war with Iran and the path of inflation.
* Trump again says the war with Iran would end "very quickly" * Investors see 48.6% chance the Fed could raise rates in December. * Minutes from the Fed's April FOMC meeting due later today. By Anjana Anil.
The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's (NVDA) quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields.
The S&P 500 and the Nasdaq opened higher on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's (NVDA) quarterly earnings, which investors view as a crucial test of AI demand as they weighed concerns over elevated Treasury yields.
Gold prices fell for a third-straight session early Wednesday even as treasury yields eased and the dollar steadied. The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation.
Government of Canada two-year bonds have "richened" on a cross-border basis to the tune of 14 bps versus United States Treasuries since the start of this month, with the bulk of that. outperformance stemming from Tuesday's roughly 10 bps move, said National Bank of Canada. Early Wednesday, the GoC-UST two-year differential is opening slightly richer at -109 bps, added the bank.
* Treasury yields steady near highs hit overnight. * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices still elevated; yen hovers around 159 per dollar. * Softer British inflation sends gilt yields lower. By Alun John and Stella Qiu.
* Investors pricing in higher rates in the face of rising inflation. * No end in sight for more than two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee and Harry Robertson.
* US Vice President Vance says lots of progress made in US-Iran talks. * Minutes from Fed's April policy meeting due at 1800 GMT. * Traders see 40% chance of US rate hike in December. By Noel John. Spot gold prices ticked up on Wednesday as U.S. Treasury yields slipped with hopes of a potential resolution to the U.S.-Iran conflict easing some inflation concerns.
* Futures up: Dow 0.2%, S&P 500 0.4%, Nasdaq 0.7% * Target (TGT) up after lifting forecast. * Nvidia (NVDA) to report earnings after markets close. By Ragini Mathur and Utkarsh Hathi. U.S. stock index futures edged higher on Wednesday as chip stocks steadied ahead of Nvidia's (NVDA) earnings report, which investors view as a crucial test of AI demand amid concerns about elevated Treasury yields.
The rate on the most popular U.S. home loan rose last week to its highest in seven weeks, as concerns about inflation from higher oil prices and an uncertain outlook for the Iran war pushed benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage jumped 10 basis points to 6.56% for the week ended May 15, the Mortgage Bankers Association said on Wednesday.
The rate on the most popular U.S. home loan rose last week to its highest in seven weeks, as concerns about inflation from higher oil prices and an uncertain outlook for the Iran war pushed benchmark U.S. Treasury yields higher. The average 30-year fixed-rate mortgage jumped 10 basis points to 6.56% for the week ended May 15, the Mortgage Bankers Association said on Wednesday.
Commerzbank in its "European Sunrise" note of Wednesday highlighted: Markets: United States Treasury yields remain close to the highs in the late New York session, front-end slightly better supported in Asia. Fed: Federal Reserve Bank of Philadelphia President Anna Paulson says rate cuts require progress on inflation.
Sustained upward pressure on oil prices appears to be the sole focus of bond markets, said Bank of Montreal. Even the friendliest reading on core inflation in about five years couldn't halt the rout in Government of Canada bonds, noted the bank. Meanwhile, 30-year United States Treasury yields have rocketed to nearly 5.2%, the highest since June 2007, pointed out the BMO.
* Futures up: Dow 0.1%, S&P 500 0.3%, Nasdaq 0.6% U.S. stock index futures edged higher on Wednesday as chip stocks steadied ahead of Nvidia's (NVDA) earnings, which investors view as a crucial test of AI demand amid concerns about elevated Treasury yields.
* US Vice President Vance says lots of progress made in US-Iran talks. * Minutes from Fed's April policy meeting due at 1800 GMT. * US 10-year Treasury yields at an over one-year high. * Traders see 40% chance of US rate hike in December. By Noel John.
* Treasury yields steady near new highs hit overnight. * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices still elevated; yen hovers around 159 per dollar. * Softer British inflation sends gilt yields lower. By Alun John and Stella Qiu.
* Investors pricing in higher rates in the face of rising inflation. * No end in sight for more than two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee and Harry Robertson.
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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