US equity futures were marginally higher pre-bell Friday as traders observed bond yields easing and continued to monitor developments in the Middle East peace negotiations. Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher. Treasury yields declined after a spike earlier in the week.
* PCE inflation gauge due on Thursday. * Salesforce (CRM), Costco, Best Buy (BBY) among reports due as robust Q1 comes to end. * Bond market selloff in view as Treasury yields hit milestones. By Lewis Krauskopf.
* Futures up: Dow 0.3%, S&P 500 0.31%, Nasdaq 0.5% U.S. stock index futures climbed on Friday as Treasury yields eased, lifting megacaps and chip stocks, though markets watched for signs of a breakthrough in discussions to end the Middle East war. Iran's foreign minister met the interior minister of Pakistan to discuss proposals to end the nearly three-month-old conflict, media reports said.
Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was down 0.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.2%. Bitcoin was rising 0.6% to $77,915, and the yield for 10-year US Treasuries was steady around 4.572%. In ...
Financial stocks edged lower in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each easing about 0.1%. The Philadelphia Housing Index was down 0.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.2%. Bitcoin was rising 0.6% to $77,915, and the yield for 10-year US Treasuries was steady around 4.572%. In cor...
Surging U.S. Treasury yields have prompted mortgage investors to hedge the loans in their portfolios by selling government debt, a shift?that probably exacerbated the bond selloff this week and added to the biggest rate spike in a year.
Broad Market Indicators. Broad-market exchange-traded fund IWM edged higher and IVV fell. 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. Energy. IShares US Energy ETF rose 0.1% and the State Street Energy Select Sector SPDR fell fractionally. Technology.
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.
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.
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