European Central Bank chief says economy is set to weaken | Business News

European Central Bank chief says economy is set to weaken | Business News

FRANKFURT, Germany (AP) — The head of the European Central Bank says the 19-country eurozone economy is expected to weaken the rest of the year and into next. ECB President Christine Lagarde told reporters Thursday that inflation is “reducing people’s real income and pushing up costs for firms” and is working to dampen spending and … Read more

Treasury yields hold steady as investors await key economic data

Treasury yields hold steady as investors await key economic data

Treasury yields held steady on Monday as markets awaited the release of October’s flash manufacturing and services PMI (purchasing managers’ index) data. The yield on the 10-year Treasury yield was last down by less than a basis point to 4.158%. On Friday, the benchmark Treasury note had hit a 14-year high and traded as high … Read more

10-year Treasury climbs to fresh 14-year high

10-year Treasury climbs to fresh 14-year high

Yield on the 10-year Treasury hit a fresh 14-year high on Friday, while the 2-year note traded in territory last seen in 2007 as signs of a recession worried markets. The 10-year Treasury yield was last at 4.261%, after rising by more than three basis points. The benchmark note has note traded at this level … Read more

What to invest in amid rising Treasury yields and rate hikes: Analysts

What to invest in amid rising Treasury yields and rate hikes: Analysts

Yields are rising again, and interest rate hikes look set to continue. Analysts say that means it’s a good time for investors to put their cash in bonds or Treasurys — especially the ones with the shortest duration. BlackRock said in a note on Tuesday that it believes the U.S. Federal Reserve will continue to … Read more

10-year Treasury yield rises, trading at highest levels since 2008

10-year Treasury yield rises, trading at highest levels since 2008

Treasury yields rose on Thursday after surging to highs not seen in more than a decade in the previous session. The yield on the policy-sensitive 2-year Treasury was last at 4.589% after rising by more than three basis points. The benchmark 10-year Treasury yield was up nearly 3 basis points 4.157%. It climbed as high … Read more

Treasury yields climb as recession fears spread

Treasury yields climb as recession fears spread

Treasury yields rose across the board on Wednesday as concerns over a recession spread among investors, and markets looked ahead to the release of housing market data. The yield on the 10-year Treasury was last at 4.059, up by 6.1 basis points after hovering just below the key 4% level on Tuesday. The policy-sensitive 2-year … Read more

Here’s why U.S. stocks have more room to fall, says one fund manager — and where to find what will break next

Here’s why U.S. stocks have more room to fall, says one fund manager — and where to find what will break next

There seems to be a competition between U.K. fiscal and monetary authorities as to which can cause the most turmoil in financial markets, in light of Bank of England Gov. Andrew Bailey telling a conference in Washington D.C. that pension funds had three days to sell U.K. government bonds. A question that’s going around is … Read more

2-year Treasury yield dips ahead of inflation data

2-year Treasury yield dips ahead of inflation data

The yield on the policy-sensitive 2-year Treasury note dropped on Wednesday as markets awaited the release of September’s producer price index inflation figures, which are likely to affect future Federal Reserve policy and interest rate hikes. The 2-year Treasury dropped by 2 basis points to 4.293% at around 6:05 a.m. ET. The benchmark 10-year Treasury … Read more

Bank of England Further Expands Bond-Market Rescue to Restore U.K.’s Financial Stability

Bank of England Further Expands Bond-Market Rescue to Restore U.K.’s Financial Stability

LONDON—The Bank of England extended support targeted at pension funds for the second day in a row, the latest attempt to contain a bond-market selloff that has threatened U.K. financial stability. The central bank on Tuesday said it would add inflation-linked government bonds to its program of long-dated bond purchases, after an attempt on Monday … Read more

Bank of England Offers More Support for Pension Funds Amid Crisis

Bank of England Offers More Support for Pension Funds Amid Crisis

LONDON—The Bank of England expanded its support of pension funds at the heart of the U.K.’s bond-market crisis even as borrowing costs leapt higher, a sign that stress in the financial system wasn’t going away. The U.K.’s central bank said Monday that it would increase the daily amounts it was willing to buy in long-dated … Read more