Financial stocks edged down in late Tuesday afternoon trading, with the NYSE Financial Index 0.1% lower and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF fell 1.4%. Bitcoin was falling 2.7% to $58,557, and the yield for 10-year US Treasuries fell 1 basis point to 4.39%. In econ...
* Job openings rose 9,000 to 7.594 million in May. * 10-yr yield set for first monthly drop in four. * Two-year yield set for fourth straight monthly climb. By Chuck Mikolajczak.
Gold was steady midafternoon on Tuesday, sticking above $4,000 even as the dollar and yields rose. Gold for August delivery was last seen up 0.1% to $4,042.60 per ounce. The price of the metal has dropped 10% over the past month as investors worry rising US inflation due to higher energy prices will force a hike to US interest rates, bearish for the metal since it offers no yield.
Financial stocks were softer in Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each decreasing about 0.2%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF fell 1.3%. Bitcoin dropped 2.9% to $58,402, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.406...
Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index fractionally higher and the State Street Financial Select Sector SPDR ETF decreasing 0.1%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF fell 1.3%. Bitcoin dropped 2.9% to $58,402, and the yield for 10-year US Treasuries was rising 3.2 basis points ...
* Job openings rose 9,000 to 7.594 million in May. * 10-yr yield set for first monthly drop in four. * Two-year yield set for fourth straight monthly climb. By Chuck Mikolajczak.
Gold steadied early on Tuesday, sticking above $4,000 even as the dollar and yields rose. Gold for August delivery was last seen up 0.2% to $4,085.80 per ounce. The price of the metal has dropped 10% over the past month as investors worry rising US inflation due to higher energy prices will force a hike to US interest rates, bearish for the metal since it offers no yield.
Financial stocks increased in late Monday afternoon trading with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF fell 1.1%. Bitcoin rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%. In economic news, the Da...
Financial stocks increased in late Monday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF adding 0.4%. The Philadelphia Housing Index shed 0.3%, and the State Street Real Estate Select Sector SPDR ETF fell 1%. Bitcoin rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%. In corporate news, Bank o...
* US labor market data due later this week. * Yield on 2-year note rises after four straight daily declines. By Chuck Mikolajczak. U.S. Treasury yields edged 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.
Financial stocks increased 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 higher ...
Gold prices eased on Monday on rising Treasury yields even as the dollar weakened. Gold for August delivery was last seen down 1.3% to $4,058.50. Despite the drop, the price of the precious metal is sticking above the seven-month low touched on Thursday that followed a report of yet another monthly rise in U.S. inflation, pushing the dollar higher on expectations higher interest rates are coming.
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.
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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