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In commodities, bonds, and crypto: West Texas Intermediate crude oil dipped 1% to $71.03 a barrel. Brent crude , the international benchmark, was lower by 1.01% to $75.27 a barrel.
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
The bond market is stealing the spotlight as we turn the corner into a new year that rang in yields not seen since 2007. In October the yield only briefly tapped 5%. In October the yield only ...
Stocks pulled back Friday morning as bond yields reached higher. Mixed initial jobless claims data sent the 10-year Treasury yield to a seven-month high on Thursday.
NEW YORK (Reuters) - U.S. Treasury Secretary Scott Bessent's pledge to contain yields on 10-year Treasury notes met some skepticism in the bond market on Thursday, as inflationary pressures and ...
US bond yields weakened as investors fretted over the potential impact of the debt-limit deal and reviewed the release of fresh jobs data. The yield on the benchmark 10-year Treasury dropped to 3.62%.
The 10-year Treasury bond jumped six basis points to 4.332%. PPI showed wholesale prices rose 0.4% last month, the Bureau of Labor Statistics said Thursday. The data came in higher than consensus ...