UK central bank intervenes in market to halt economic crisis

LONDON (AP) — The Bank of England took emergency action on Wednesday to stabilize Britain’s financial markets and avert a crisis in the wider economy after the government spooked investors with a program of debt cuts. unfunded taxescausing the pound to fall and the cost of public debt to skyrocket. The central bank warned that … Read more

Government bond yields soar as markets weigh threat of a recession

Hoxton/Sam Edwards | Getty Images Bond yields jumped this week after another big rate hike from the Federal Reserve, signaling a warning of market distress. On Friday, the policy-sensitive 2-year Treasury yield climbed to 4.266%, hitting a 15-year high, and the benchmark 10-year Treasury yield hit 3.829%, the highest in 11 years. The surge in … Read more

As Treasury yields rise, here’s how to allocate your portfolio, pros say

The latest threat to equities is no longer macro risk – it’s rising 2-year Treasury yields, according to some fund managers and strategists. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight as the 2-year Treasury yield continues to climb. On Wednesday, it hit 4.1%, the highest level since 2007. On Thursday, … Read more

Treasury yields fall ahead of Federal Reserve interest rate decision

Treasury yields stumbled on Wednesday after hitting recent highs as traders await the Federal Reserve’s decision on interest rate hikes. The yield on the benchmark 10-year Treasury last stood at 3.536%, down 3 basis points. Meanwhile, the policy-sensitive 2-year Treasury fell about 2 basis points and last settled at 3.948%. Both Treasuries had hit highs … Read more

Want a risk-free 4% return? How investors can buy a simple Treasury

The surge in short-term Treasury yields may prompt some investors to consider adding the Notes to their portfolio. The 2-year Treasury yield rose above 3.9% on Friday, the highest level since 2007. Bond yields move inversely to their prices. The 2-year note sits at the point on the Treasury yield curve that is most sensitive … Read more

Hong Kong’s Hang Seng rises 2%, leads Asia markets higher after Powell’s inflation comments

The worst is not over for the Japanese yen, analyst says The depreciation of the Japanese yen is one of the most “rigorous” and “easiest” measures to explain because it is “based on real fundamentals”, Monex Group Director Jesper Koll told CNBC, adding that could fall further in the months to come. It’s the “most … Read more

Japan’s Nikkei rises 2% in mixed Asia session following Wall Street’s rebound rally

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Stock futures are flat as Nasdaq tries to recover from 7-day losing streak

Equity futures were flat on Wednesday after major averages added weeks of losses amid a jump in bond yields in the previous session. Futures linked to the Dow Jones Industrial Average were trading just 7 points higher. S&P 500 futures edged up 0.1% and Nasdaq 100 futures edged up 0.2%. Shares added to their three-week … Read more

Stock futures lower after another day of losses amid a surge in Treasury yields

Equity futures were slightly lower on Wednesday morning after major averages added weeks of losses amid a jump in bond yields. Dow Jones Industrial Average futures were 115 points lower. S&P 500 futures were down slightly by 0.37% and Nasdaq 100 futures were also down 0.31%. Shares added to their three-week slide in regular trading. … Read more

Asia-Pacific markets trade lower ahead of Fed Beige Book release

Oil prices fall on expectations of further rate hikes and weaker demand growth Oil prices fell on Wednesday following new Covid restrictions in China and expectations of further interest rate hikes around the world. US West Texas Intermediate futures fell 1.45% to $85.62 a barrel, while Brent crude futures fell 1.14% to $91.77 a barrel … Read more