* US core inflation rises 0.2%, as expected. * US 10-year yield on pace for largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 38 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
* US stocks rise after core inflation up less than forecast. * U.S. Treasury yields fall with dollar. * Oil and gold rally. By Sin?ad Carew and Amanda Cooper. A global equities gauge rallied on Wednesday while the dollar fell with Treasury yields after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further.
* US 10-year yield on pace for largest daily fall in two months. * US 2/10 yield curve flattens after inflation data. * US rate futures price in 40 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
* US core CPI rises 3.2% on a yearly basis in December. * Dollar down 0.3% against its rivals. * Markets expect 37.2 bps worth of rate cuts by year-end. By Anjana Anil. Gold prices pared gains on Wednesday after a U.S. consumer inflation report offered mixed signals about the future path of rate cuts this year, even as a drop in the U.S. dollar and Treasury yields limited bullion's losses.
U.S. Treasury yields fell on Wednesday after data showed headline inflation in the world's largest economy rose marginally above forecasts in December, while the core number came in as expected. U.S. 10-year yields extended their fall after the data and was last down 8.6 basis points at 4.702%. The U.S. two-year yield, which reflects interest rate expectations, dropped 8 bps to 4.287%.
The U.S. bond market is sending significant signals to Wall Street and Washington as Treasury yields approach levels not seen in nearly two decades, potentially complicating the incoming president-elect Donald Trump administration?s economic agenda. What Happened: The yield on the 10-year Treasury has surged more than 1% since September, nearing the psychologically important 5% threshold.
* US CPI data due at 1330 GMT. * Dollar down 0.1% against its rivals. * Donald Trump to begin his second term next week. By Anushree Mukherjee. Gold prices firmed on Wednesday as the U.S. dollar and Treasury yields retreated, while markets participants awaited U.S. inflation data for clues on Federal Reserve's interest rate strategy. Spot gold gained 0.2% to $2,683.62 per ounce by 0903 GMT.
A global equities gauge rallied on Wednesday while the dollar fell with Treasury yields after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further. Investors also cheered the first wave of U.S. bank earnings reports.
A global equities gauge rallied on Wednesday while the dollar fell with Treasury yields after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further. Investors also cheered the first wave of U.S. bank earnings reports.
A look at the day ahead in Asian markets. The dollar and Treasury yields losing steam should offer emerging and Asian markets some welcome respite. Asian markets were buoyant on Tuesday. Japanese stocks went the other way, however, after Bank of Japan Deputy Governor Ryozo Himino flagged the chance of a rate hike next week.
The allure of 5% yields is driving investor inflows into long-dated Treasury ETFs, even as persistent bond market losses and rising macro uncertainties complicate the interest-rate outlook. Last week, iShares 20+ Year Treasury Bond ETF saw a staggering $1.5 billion in inflows, as etfdb.com data shows.
* US producer prices rise 0.2% in December. * US 10-year yield hits 14-month high overnight of 4.8% * US 2/10 yield curve steepens. * US rate futures price in 30 bps easing or one cut this year. By Gertrude Chavez-Dreyfuss.
An index tracking Latin American currencies touched a
one-month high on Tuesday, as U.S. Treasury yields and eased and
the dollar stabilized, while investors remained focused on the
Federal ...
* Futures up: Dow 0.33%, S&P 500 0.48%, Nasdaq 0.65% U.S. stock index futures rose on Tuesday, supported by falling Treasury yields as investors awaited December's inflation numbers as well as upcoming corporate earnings to assess the health of the world's largest economy.
U.S. Treasury yields dipped while the S&P 500 ended slightly higher on Tuesday after data showed U.S. producer prices rose less than expected in December, but investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
* US equity futures make small bounce. * Japan's Nikkei slides 1.5% By Caroline Valetkevitch and Tom Westbrook. Ten-year Treasury yields hit 14-month highs, driving a spike in the dollar and a wave of selling in technology stocks which spread to Asia in early trade, with Japan's Nikkei sliding after a holiday break and U.S. inflation data on investors' minds.
U.S. Treasury yields dipped while the S&P 500 ended slightly higher on Tuesday after data showed U.S. producer prices rose less than expected in December, but investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. The Details: Mortgage rates have climbed higher following recent economic data which has dampened Wall Street's expectations for the Federal Reserve to cut rates in the near future and caused 10-year Treasury yields to surge.
* US two-year yield hits highest since July 2024. * US 2/10 yield curve steepens, hits widest gap since May 2022. * US rate futures price in just 27 bps of cuts in 2025. * Market now looks to US inflation, retail sales data. By Gertrude Chavez-Dreyfuss.
* US two-year yield hits highest since July 2024. * US 2/10 yield curve steepens, hits widest gap since May 2022. * US rate futures price in just 27 bps of cuts in 2025. * Market now looks to US inflation, retail sales data. By Gertrude Chavez-Dreyfuss.
* Traders cut chances of even one rate reduction in 2025. * S&P 500 futures edge down before US CPI and earnings data. * Sterling under pressure as gilt yields rise again. * Treasury yields near 14-month top, Fed easing scaled back. * Oil jumps to four-month high as Russia supply crimped. By Amanda Cooper.
The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. Recent economic data have indicated a resilient economy with nagging price pressures, which has pressured equities.
As U.S. Treasury yields approach the psychological 5% mark which it last saw briefly in 2023 and during the global financial crisis in 2008, analysts seem less concerned, calling this yield convulsion an overreaction. What Happened: The U.S. 30-year Treasury yielded 4.95% by the end of the trading session on Friday, however, it touched a high of 5.005% intraday.
* Traders no longer fully price US rate cuts in 2025. * S&P 500 futures edge down before U.S. CPI, earnings. * Sterling under pressure as gilt yields rise again. * Treasury yields near 14-mth top, Fed easing scaled back. * Oil jumps to 4-mth high as Russia supply crimped. By Amanda Cooper.
* S&P 500 futures edge down before U.S. CPI, earnings. * China exports jump almost 11%, surplus with US widens. * Dollar holds firm, sterling hits fresh low. * Treasury yields near 14-mth top, Fed easing scaled back. * Oil jumps to 4-mth high as Russia supply crimped. By Wayne Cole.
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% - a level that some fear could rattle broader markets.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * S&P 500 futures edge down before US CPI, earnings. * China exports jump almost 11%, surplus with US widens. * Dollar holds firm, sterling hits fresh low. * Treasury yields near 14-mth top, Fed easing scaled back. * Oil jumps to 4-mth high as Russia supply crimped. By Wayne Cole.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * S&P 500 futures edge down before US CPI, earnings. * Dollar holds firm, sterling hits fresh lows. * Treasury yields near 14-mth top, Fed easing scaled back. * Oil jumps to 4-mth high as Russia supply crimped. By Wayne Cole.
* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * S&P 500 futures edged down before US CPI, earnings. * Dollar holds firm, trading thin with Tokyo off. * Treasury yields near 14-mth top, Fed easing scaled back. * Oil jumps to 4-mth high as Russia supply crimped. By Wayne Cole.
A look at the day ahead in Asian markets. The U.S. economy created over a quarter of a million net new jobs and the unemployment rate fell last month, reflecting a robust labor market. Treasury yields surged to the highest in over a year, the dollar hit a two-year peak, and traders are now only predicting one quarter-point rate cut from the Fed this year, in September.
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans. After back-to-back standout years, the stock market has wobbled out of the gate in 2025, with the benchmark S&P 500 down about 1% so far this year.
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% - a level that some fear could rattle broader markets.
* Strong economic data raises prospect of yields surging further. * Some fear inflation rebound, see risk of Fed hike. * Higher yields could further wobble stocks. * Some see 5% yield as threshold for allocation shifts. By Davide Barbuscia.
Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed employers added 256,000 jobs in December, far surpassing economists' expectations, while the unemployment rate fell. Employers were expected to have added 160,000 jobs during the month. "This report will fuel yields even higher.
* Wall Street stocks trade lower. * U.S. yields hit highest since November 2023. * European shares finish down. * U.S. dollar index reaches highest since November 2022. * Crude prices jump after U.S. unveils fresh Russia sanctions. By Chibuike Oguh, Amanda Cooper.
Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed employers added 256,000 jobs in December, far surpassing economists' expectations, while the unemployment rate fell. Employers were expected to have added 160,000 jobs during the month. "This report will fuel yields even higher.
The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing economist expectations of 160,000 payrolls as tracked by TradingEconomics.
Investors in the futures options market are betting the benchmark U.S. 10-year Treasury yield is headed higher to 5% in the near term, reflecting worries that the incoming Trump administration's policies will increase an already bloated fiscal deficit and revive inflation.
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans. After back-to-back standout years, the stock market has wobbled out of the gate in 2025, with the benchmark S&P 500 holding a slim gain so far this year.
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over Donald Trump's policy plans. After back-to-back standout years, the stock market has wobbled out of the gate in 2025, with the benchmark S&P 500 down about 1% so far this year.
A look at the day ahead in European and global markets from Stella Qiu. Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields and the U.S. dollar even higher.
A look at the day ahead in European and global markets from Stella Qiu. Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields and the U.S. dollar even higher.
Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations that the Federal Reserve will likely keep interest rates elevated for longer than traders were betting on.
* Benchmark 10-year Treasury yields fall. * US stock markets closed for President Jimmy Carter funeral. * Oil prices settles up 1% * European stocks recover early losses. By Chibuike Oguh and Nell Mackenzie.
* Sterling slides to 14-month low. * Investors brace for Trump tariff plans. * Fed officials signal rate cut caution. By Chuck Mikolajczak. The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels on concerns over tariffs under the incoming Trump administration, while sterling's recent weakness persisted.
Treasury yields eased on Thursday following a sharp selloff that sent 10-year yields to a more than eight-month high on Wednesday as traders evaluated the likely economic impact of policies proposed by the incoming administration of President-elect Donald Trump.
* Benchmark 10-year Treasury yields fall. * US stock markets closed for President Jimmy Carter funeral. * Oil prices gain 1% * European stocks recover early losses. By Chibuike Oguh, Nell Mackenzie.
The Federal Reserve indicated a more tempered approach to interest rate cuts in 2025. That?s according to minutes from the Fed?s December meeting, which were released on Wednesday, Jan. 8. Investor interest shifted toward treasury bonds, as the 10-year yield briefly touched 4.73% on Wednesday, amid resurfacing inflation fears and anticipation around potential tariffs and tax policies.
Treasury yields eased on Thursday following a sharp selloff that sent 10-year yields to a more than eight-month high on Wednesday as traders evaluated the likely economic impact of policies proposed by the incoming administration of President-elect Donald Trump.
PIMCO, one of the world's largest bond investors, said it is still positive about UK government bonds amid a steep market-sell off, adding that much of the increase in yields has been driven by the U.S. Treasury market. The $2 trillion asset manager said the chances are rising that British finance minister Rachel Reeves will have to find new savings as a result of the rise in borrowing costs.
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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