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.
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index gained 3%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.2%. Bitcoin fell 2.5% to $62,660, and the yield for 10-year US Treasuries rose 2 basis points to around 4.45%. I...
Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the State Street Financial Select Sector SPDR ETF shedding 0.8%. The Philadelphia Housing Index climbed 3%, and the State Street Real Estate Select Sector SPDR ETF decreased 0.1%. Bitcoin fell 2.5% to $62,660, and the yield for 10-year US Treasuries decreased 1 basis point to 4.45%. In corpor...
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index easing 0.1%, erasing earlier gains, and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index jumped 3.7%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin fell 5% to $62,532, and the yield for 10-year US Treasuries dropped 2.2 basis points to 4....
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing marginally and the State Street Financial Select Sector SPDR ETF shedding 0.4%. The Philadelphia Housing Index was climbing 4.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin was declining 5% to $62,532, and the yield for 10-year US Treasuries was decreasing 2.2 bas...
U.S. Treasury yields were lower on Thursday, a day after investors adopted a hawkish view of Federal Reserve Chair Kevin Warsh's first meeting and sent short-term yields to their highest level in 16 months. The two-year yield, the most sensitive to Fed rate-change expectations, was down 1 basis point on Thursday at 4.153%, after rising as high as 4.207% a day earlier.
Societe Generale in its early Thursday economic news summary pointed out: -- US dollar is bid, two-year United States Treasury yield spikes to 4.21% after hawkish FOMC, three-month SOFR pricing +25bps in October. -- Fed: hawkish hold, nine of 18 FOMC members want a rate hike in 2026, six want two hikes or more.
Japanese government bonds fell on Thursday after hawkish signals from the U.S. Federal Reserve sent Treasuries lower and raised prospects of an earlier rate hike by the Bank of Japan.
Wall Street stocks turned sharply lower on Thursday, the dollar extended its gains and Treasury yields crept higher after the U.S. Federal Reserve left its key interest rate unchanged and signaled, amid elevated inflation and solid economic data, that a rate hike could be in the cards before the end of the year. I will go into more detail on today's market moves below.
Wall Street stocks turned sharply lower on Thursday, the dollar extended its gains and Treasury yields crept higher after the U.S. Federal Reserve left its key interest rate unchanged and signaled, amid elevated inflation and solid economic data, that a rate hike could be in the cards before the end of the year. I will go into more detail on today's market moves below.
US equity indexes declined while government bond yields jumped ahead of Wednesday's close after the Federal Reserve removed the so-called easing bias from its policy statement.
Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF decreasing 0.8%. The Philadelphia Housing Index fell 1.9%, and the State Street Real Estate Select Sector SPDR ETF dropped 2.3%. Bitcoin dropped 0.9% to $65,060, and the yield for 10-year US Treasuries rose 3.5 basis points to 4.463%. In ec...
Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index declining 0.3% and the State Street Financial Select Sector SPDR ETF decreasing 0.6%. The Philadelphia Housing Index fell 1.9%, and the State Street Real Estate Select Sector SPDR ETF dropped 2.3%. Bitcoin dropped 0.9% to $65,060, and the yield for 10-year US Treasuries rose 3.5 basis points to 4.463%. In ec...
Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF up 0.4%. The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF fell 1.2%. Bitcoin was increasing 0.4% to $65,844, and the yield for 10-year US Treasuries was steady around 4.428%. In economic ne...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF up 0.6%. The Philadelphia Housing Index was up 1.2%, and the State Street Real Estate Select Sector SPDR ETF fell 1.1%. Bitcoin was increasing 0.4% to $65,844, and the yield for 10-year US Treasuries was steady around 4.428%. In corporat...
Short-term Treasury yields rose to the highest in 16 months on Wednesday after investors took a string of strong economic data, a U.S. Federal Reserve decision to hold interest rates steady and the debut of new central bank Chair Kevin Warsh to demonstrate a likely shift toward tighter policy.
* Yields up slightly ahead of Warsh's first Fed meeting. * Strong retail sales report shows economy still rolling. * More data coming later on Wednesday. U.S. Treasury yields were slightly higher on Wednesday, as the May retail sales report was stronger than expected and investors looked ahead to Wednesday's debut appearance by Federal Reserve Chair Kevin Warsh.
* Fed is widely expected to keep interest rates steady. * US Import Price Index rose 1.9% in May. * Auction of $13 billion 20-year notes had good demand. By Tatiana Bautzer. Yields on U.S. Treasuries fell on Tuesday, as oil prices reached a three-month low with optimism about the deal between the U.S. and Iran and investors waited for Wednesday's Fed meeting.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.4%. The Philadelphia Housing Index was gaining 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was declining 0.9% to $65,682, and the yield for 10-year US Treasuries was falling 4.1 basis points t...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was gaining 1.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was declining 0.9% to $65,682, and the yield for 10-year US Treasuries was falling 4.1 basis points t...
* US Import Price Index rose 1.9% in May versus forecast of 1% rise. * Housing starts fell 15.4% in May, marking biggest decline since March 2024. * Markets will test demand for long-term bonds at 20-year reopening auction. By Tatiana Bautzer.
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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