10-year Treasury yield ticks higher ahead of inflation data

10-year Treasury yield ticks higher ahead of inflation data

U.S. Treasury yields were slightly higher on Friday as investors await a closely watched inflation number for clues to the U.S. Federal Reserve’s next interest rate move. The yield on the 10-year Treasury note was up about 1 basis point to 3.6856%, while the yield on the 2-year U.S. Treasury note was little changed at … Read more

Bond yields to climb ‘for the wrong reasons’ next year, strategist says

Bond yields to climb ‘for the wrong reasons’ next year, strategist says

LONDON — Government bond yields are likely to rise in 2023 “for the wrong reasons,” according to Peter Toogood, chief investment officer at Embark Group, as central banks step up efforts to reduce their balance sheets. Central banks around the world have shifted over the past year from quantitative easing — which sees them buy … Read more

Bank of Japan shocks global markets with bond yield shift

Bank of Japan shocks global markets with bond yield shift

The Bank of Japan on Tuesday shocked global markets by widening the target range for its 10-year government bond yield. Kazuhiro Nogi | Afp | Getty Images Global markets were jolted overnight after the Bank of Japan unexpectedly widened its cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks around … Read more

Russian central bank holds key rate at 7.5%, warns inflation risks are ‘prevailing’

Russian central bank holds key rate at 7.5%, warns inflation risks are ‘prevailing’

The Bank of Russia said the external environment for the Russian economy remains “challenging” and “significantly constrains economic activity.” The headquarters of Russia’s central bank in Moscow on Feb. 28, 2022. Sweeping sanctions imposed by Western capitals on Russia in the wake of its invasion of Ukraine on Feb. 24 as well as countermeasures by … Read more

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet

President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its … Read more

Bank of England hikes key rate by 50 basis points, will continue to respond ‘forcefully’ if needed

Bank of England hikes key rate by 50 basis points, will continue to respond ‘forcefully’ if needed

LONDON — The Bank of England on Thursday hiked its main interest rate by 50 basis points and signaled that more tightening will be needed to rein in inflation. The Monetary Policy Committee voted 6-3 in favor of the half-percentage-point hike, which takes the bank rate to 3.5%. The rise marks a slowdown from November’s … Read more

European Central Bank set for 50 basis point rate hike

European Central Bank set for 50 basis point rate hike

Quantitative tightening, or QT, could see the ECB shrink its gigantic bond portfolio. Bloomberg | Bloomberg | Getty Images FRANKFURT, Germany — The European Central Bank will continue to hike benchmark rates, albeit at a slower pace, with inflation expected to be close to a peak and the Frankfurt institution looking to reduce its vast holdings … Read more

European Central Bank says bitcoin is on the ‘road to irrelevance’

European Central Bank says bitcoin is on the ‘road to irrelevance’

The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst … Read more

Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon

Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon

WASHINGTON—Most Federal Reserve officials thought they should slow the pace of interest-rate increases after approving a 0.75-percentage-point rate rise at their meeting earlier this month to battle high inflation. Their discussion at the meeting, described in minutes of the gathering released Wednesday, suggests they could downshift to a rate rise of 0.5 percentage point, or … Read more