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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%.
The bond market sold off Monday in response, and the 10-year Treasury yield jumped 11 basis points to hover at 4.2% on Tuesday. On Tuesday. That marks the key bond yield's highest level in three ...
Declines in Nvidia and Adobe stock weighed on the Nasdaq, while bond yields rose. Indexes closed lower on Thursday, dragged by tech stocks after the latest inflation report came in warmer than ...
Consumer prices are still in focus for investors despite the Fed's recent pivot to the labor market. In commodities, bonds, and crypto: West Texas Intermediate crude oil was up 1.53% to $75.52 a ...
The Fed may keep rates unchanged next month, and the October jobs report is a key indicator to watch. The bond market is in sell-off mode as traders reassess the path of interest rate cuts from ...
What just happened in bond market this week? Earlier in the week, the British pound fell to a new low against the U.S. Dollar and the U.K.’s 2-year Gilt surged after Primer Minister Liz Truss ...
A look at the day ahead in U.S. and global markets from Mike Dolan Somewhat counter to post-election narratives and many new year outlooks, long-dated U.S. Treasury yields continue to sink as the ...
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