Although President Trump’s announcement that some of the tariffs would be paused for 90 days got all the attention, the real fireworks began several minutes earlier, when the U.S. Treasury held its much-anticipated 10-year bond auction.
A ransomware attack on the Industrial and Commercial Bank of China (ICBC), the communist county’s largest bank, has reportedly caused a disruption at the U.S. Treasury market.
The market believed that the Fed might not need to hike again because yields were already doing the work of another hike. And that’s when the bond market started laughing.
Politicians and pundits might delight in aiming their blame-throwers at their rivals over the U.S. credit rating downgrade. For markets and the economy, however, it does not matter.
The inverted gap between short-term and longer-term U.S. Treasuries grew even wider on Monday, nearing the recent high hit in December. The yield on two-year Treasuries was 82 basis points above the yield on 10-year Treasuries midday on Monday, substantially
A new survey shows the extent of the American public’s loss of confidence in the Fed and the Biden administration’s inflation fighting skills.
The wave of euphoria that washed over the stock market on Wednesday following the long-awaited rate hike should probably be taken as a warning sign.
The yield on 10-year U.S. Treasurys jumped to above 1.6 percent on Thursday, its highest level since before the pandemic struck.
The yield curve—the difference in yields for short-term and long-term debt—has sharpened dramatically in recent weeks as investors have sold off bonds maturing five-years or more into the future while shorter-term bonds have held steady.
Demand for short-term Treasuries pushed yields on one and three-month bills negative Wednesday morning.
$500 billion Thursday. $1 trillion Friday. And $1.6 trillion every week for at least the remainder of the month.
Donald Trump may not have had much luck in getting the Fed to push down its interest rate target in recent months but investors on Thursday were happy to push down the rate the government pays to borrow. The U.S.
The bond market and President Trump agree: the Fed should cut rates.
New evidence that the so-called ‘nuclear option’ in the trade fight is not really the threat many feared.
Wednesday’s stock sell-off was broad and deep, with many tech stocks bearing the brunt of investor concerns over interest rates and Chinese espionage.
