Asian shares dived on Friday as investor euphoria over tech stocks gave way to inflation fears that saw Treasury yields spike to one-year highs and rising bets on a U.S. rate hike this year.
The dollar rode U.S. Treasury yields higher on Friday and was set for its biggest weekly gain in more than?two months, as mounting inflationary pressures from higher energy prices fuelled bets on a Federal Reserve rate hike this 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.
Gold edged higher early Thursday as treasury yields eased after a report showed U.S. retail-sales growth slowed in April. Gold for June delivery was last seen up $4.00 to US$4,710.70. The U.S. Census Bureau reported retail sales roes by 0.5% last month, down from a revised 1.6% in March but matching expectations according to Marketwatch.
* Dollar supported by rising U.S. Treasury yields and Fed rate hike expectations. * Trump-Xi summit focuses on trade progress, Taiwan tensions highlighted by Xi. * U.S. inflation data boosts rate hike bets, Fed Chair Warsh seen tightening policy. By Rae Wee and Amanda Cooper.
Investors are bracing for U.S. Treasury yields to stay higher longer, skeptical that incoming Federal Reserve Chair Kevin Warsh will be able to tame inflation stoked by surging oil prices during a prolonged Middle East conflict. Long-dated yields, including those on benchmark 10-year notes, have spiked as investors demand greater compensation for inflation risk as higher energy prices bite.
Strong demand for technology stocks lifted equity indexes around the world on Thursday, while the dollar rose after economic data and investors awaited the outcome of a U.S.-China summit. In bonds, benchmark 10-year Treasury yields edged down after hitting an 11-month high as U.S. government debt found buying interest at key technical levels.
Financial stocks fell Wednesday with the NYSE Financial Index dropping 0.8% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index declined 1.4%, and the State Street Real Estate Select Sector SPDR ETF lost 0.8%. Bitcoin fell 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%. In economic news, the US producer pri...
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 0.9%. The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.8%. Bitcoin was declining 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis poi...
* Producer prices post biggest gain since early 2022, fueling inflation concerns. * BCA Research's Ryan Swift says data unlikely to prompt Fed rate hikes. * Treasury sees ok demand for $25 billion in 30-year bonds. By Karen Brettell.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising 2 basis points...
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising less than one ...
* Hot U.S. inflation reading lifts Treasury yields. * Fed rate cut bets evaporate; odds for December hike rise. * Iran peace deal hopes dwindle; Trump-Xi meeting in focus. By Lucy Raitano and Jiaxing Li.
* Asia FX including yen under pressure. * Food prices face another shock after Russia-Ukraine conflict. * Analysts watching gasoline prices. * US Treasury yields also in focus. By Karin Strohecker and Dhara Ranasinghe.
The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty. The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.
Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46%. ...
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46...
Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.8% to $80,257, and the yield for 10-year US Treasuries climbed 4.5 basis points to 4.455%. I...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.8% to $80,257, and the yield for 10-year US Treasuries climbed 4.5 basis points to 4.455%...
US equity indexes fell in Tuesday's midday trading as a hotter-than-expected inflation print for April hit technology and consumer discretionary shares. The Nasdaq dropped 1.2% to 25,939.2, with the S&P 500 down 0.8% to 7,356.5 and the Dow Jones Industrial Average lower by 0.5% to 49,435.8. Technology and consumer discretionary sectors led the decliners.
National Bank said it remains constructive on the shorter-term Government of Canada sovereign bond yields as tighter policy is pushed back relative to the market's expected timeline. While the bank stated it is skeptical that longer-term yields will moderate meaningfully, that's more a function of global dynamics.
* Oil price increase and Middle East tensions drive yields higher. * April CPI shows inflation remains elevated with higher energy and AI spending. * Strong jobs data dims hopes for near-term Fed rate cuts. By Karen Brettell.
* Asia FX including yen under pressure. * Food prices face another shock after Russia-Ukraine conflict. * Analysts watching gasoline prices. * US Treasury yields also in focus. By Karin Strohecker and Dhara Ranasinghe.
US equity indexes rose on Monday, alongside crude oil futures and Treasury yields, as President Donald Trump reportedly planned to meet national security officials after rejecting Iran's response to a proposal to restart the peace process.
Financial stocks fell Monday with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF easing 0.1%. The Philadelphia Housing Index shed 1.2%, and the State Street Real Estate Select Sector SPDR ETF rose 0.4%. Bitcoin added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%. In economic news, the pace of US existing ho...
US equity indexes traded mixed ahead of Monday's close, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.3%. The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%. In corporate ...
Financial stocks were mixed in Monday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF edging up 0.1%. The Philadelphia Housing Index shed 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin fell 0.7% to $81,616, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.406%. In economic new...
US equity indexes traded mixed midday Monday, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process. The Nasdaq rose 0.2% to 26,302.1 after touching a record 26,339.78 intraday. Energy was the standout gainer, followed by materials and technology.
* Fed expected to hold rates as oil-driven inflation risks assessed. * April jobs data beats forecasts, reducing likelihood of near-term rate cuts. * Upcoming CPI and PPI data, plus $125 billion in Treasury auctions, in market focus. By Karen Brettell.
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In economic news,...
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In corporate news,...
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%. In economic n...
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was shedding 2.6 basis points to nearly 4.37%. In corpo...
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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