20 mins. ago
The 10-year U.S. Treasury yield ($TNX) surged to 5.041% earlier today, marking its highest level since July 2007 and representing an 86-basis-point climb since the start of 2026. This 19-year high in benchmark borrowing costs has arrived at a critical juncture, with the Federal Reserve commencing its two-day policy meeting Tuesday and a rate decision expected Wednesday afternoon.
Markets are pricing in a 92.7% probability of a 25-basis-point hike, per CME's FedWatch Tool, which would lift the federal funds target range to 3.75%-4.00%. That overwhelming consensus in favor of a rate hike is a dramatic shift from roughly 59% just one week ago.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Middle East Supply Constraints Lift Crude Oil Prices
Crude Prices Soar as Global Oil Supplies Continue to Tighten
#since #rate
Markets are pricing in a 92.7% probability of a 25-basis-point hike, per CME's FedWatch Tool, which would lift the federal funds target range to 3.75%-4.00%. That overwhelming consensus in favor of a rate hike is a dramatic shift from roughly 59% just one week ago.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Middle East Supply Constraints Lift Crude Oil Prices
Crude Prices Soar as Global Oil Supplies Continue to Tighten
#since #rate
6 hours ago
XLE has surged 46% year-to-date while XLY dropped 7%, with defensive XLP up 9% as markets rotate away from consumer exposure.
XLF's soft 4% gain signals financial stocks aren't pricing a healthy cycle, with the 10-year/2-year Treasury spread flattened to 0.33%.
Torres pegs $120 WTI as the consumer spending breaking point, still 20% above current prices but reminiscent of 2022's economy-crushing oil surge.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
The national average price of regular gasoline jumped 16 cents in a single week to $4.32 a gallon on September 14, 2026, a move that puts the pump price in the 90th percentile of the past year and caps a 7.8% jump in one month. The proximate cause sits upstream: WTI crude cleared $97.26 a barrel on September 9 after running up 16.1% in a month, and Brent has traded through the $100 line. On Fed decision day, a CNBC Morning Call panel put a number on where this stops being an inconvenience and starts being a recession.
#Consumer #torres
XLF's soft 4% gain signals financial stocks aren't pricing a healthy cycle, with the 10-year/2-year Treasury spread flattened to 0.33%.
Torres pegs $120 WTI as the consumer spending breaking point, still 20% above current prices but reminiscent of 2022's economy-crushing oil surge.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
The national average price of regular gasoline jumped 16 cents in a single week to $4.32 a gallon on September 14, 2026, a move that puts the pump price in the 90th percentile of the past year and caps a 7.8% jump in one month. The proximate cause sits upstream: WTI crude cleared $97.26 a barrel on September 9 after running up 16.1% in a month, and Brent has traded through the $100 line. On Fed decision day, a CNBC Morning Call panel put a number on where this stops being an inconvenience and starts being a recession.
#Consumer #torres
7 hours ago
XRP dropped 8% and Coinbase fell 8.65% after the Senate killed the CLARITY Act 50-49, stripping XRP's commodity status of any federal legal protection.
Without spot ETF buyers, corporate treasury support, or a legislative floor, XRP faces the Fed's first potential rate hike in three years with support at $1.25.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
XRP (CRYPTO:XRP) is currently trading at $1.28, down 9.4% in the past 24 hours and marking the worst performance among major cryptocurrencies. On September 15, the Senate voted at 2:15 p.m. ET on whether to open debate on the CLARITY Act, a bill aimed at making XRP's commodity status under U.S. law permanent. Unfortunately, the motion failed with a vote of 49 to 50.
Today at 2 p.m. ET, the Federal Reserve is set to announce its interest rate decision, with CME FedWatch indicating a 92% chance of the first rate hike in three years. Additionally, XRP fell below $1.355, a level it had held for five consecutive sessions. This raises the question of what caused XRP's downturn and where the selling will end.
#commodity
Without spot ETF buyers, corporate treasury support, or a legislative floor, XRP faces the Fed's first potential rate hike in three years with support at $1.25.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
XRP (CRYPTO:XRP) is currently trading at $1.28, down 9.4% in the past 24 hours and marking the worst performance among major cryptocurrencies. On September 15, the Senate voted at 2:15 p.m. ET on whether to open debate on the CLARITY Act, a bill aimed at making XRP's commodity status under U.S. law permanent. Unfortunately, the motion failed with a vote of 49 to 50.
Today at 2 p.m. ET, the Federal Reserve is set to announce its interest rate decision, with CME FedWatch indicating a 92% chance of the first rate hike in three years. Additionally, XRP fell below $1.355, a level it had held for five consecutive sessions. This raises the question of what caused XRP's downturn and where the selling will end.
#commodity
8 hours ago
WASHINGTON, Sept 16 (Reuters) - U.S. homebuilder sentiment dropped to a one-year low in September as rising mortgage rates dampen demand for housing, a survey showed on Wednesday.
The National **** ociation of Home Builders/Wells Fargo Housing Market index fell three points to 32 this month, the lowest reading since September 2025, from 35 in August. The decline also reflected labor shortages amid an immigration crackdown as well as rising costs because of tariffs on imports.
Economists polled by Reuters had forecast the index easing to 34. Sentiment is likely to remain subdued in the months ahead as mortgage rates have been rising in tandem with the 10-year U.S. Treasury yield.
The 30-year fixed mortgage rate averaged 6.76% last week, the highest level in more than a year, up from 6.71% in the prior week, data from mortgage finance firm Freddie Mac showed.
The 10-year government bond yield on Tuesday hit 5.041%, the highest since July 2007, driven in part by expectations that the Federal Reserve would on Wednesday start raising interest rates to quell inflation that is being driven by the U.S.-Israel war with Iran. Longer-dated yields have also risen amid concerns over the nation's ballooning debt.
#housing
The National **** ociation of Home Builders/Wells Fargo Housing Market index fell three points to 32 this month, the lowest reading since September 2025, from 35 in August. The decline also reflected labor shortages amid an immigration crackdown as well as rising costs because of tariffs on imports.
Economists polled by Reuters had forecast the index easing to 34. Sentiment is likely to remain subdued in the months ahead as mortgage rates have been rising in tandem with the 10-year U.S. Treasury yield.
The 30-year fixed mortgage rate averaged 6.76% last week, the highest level in more than a year, up from 6.71% in the prior week, data from mortgage finance firm Freddie Mac showed.
The 10-year government bond yield on Tuesday hit 5.041%, the highest since July 2007, driven in part by expectations that the Federal Reserve would on Wednesday start raising interest rates to quell inflation that is being driven by the U.S.-Israel war with Iran. Longer-dated yields have also risen amid concerns over the nation's ballooning debt.
#housing
8 hours ago
Good morning. Stocks were mixed on Wednesday as oil prices eased but stayed solidly above $100 per barrel ahead of the Federal Reserve's key interest rate decision due this afternoon.
Brent crude futures (BZ=F) dropped to $107 per barrel, and the 10-year Treasury (^TNX) fell below 5%.
Investors overwhelmingly expect the Fed to raise rates by 25 basis points on Wednesday following its two-day policy meeting.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech stocks (XLK) gained as shares of chip heavyweight (NVDA) rose more than 1%. SK Hynix (SKHY) stock also jumped 3% following a report that the memory maker is exploring a deal with Intel (INTC).
#treasury #finance
Brent crude futures (BZ=F) dropped to $107 per barrel, and the 10-year Treasury (^TNX) fell below 5%.
Investors overwhelmingly expect the Fed to raise rates by 25 basis points on Wednesday following its two-day policy meeting.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech stocks (XLK) gained as shares of chip heavyweight (NVDA) rose more than 1%. SK Hynix (SKHY) stock also jumped 3% following a report that the memory maker is exploring a deal with Intel (INTC).
#treasury #finance
9 hours ago
By Michael S. Derby
Sept 16 (Reuters) - Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but **** ysts see the central bank resisting any explicit call from the Trump administration to bail out the market.
The focus on the Fed's possible involvement comes as Treasury Secretary Scott Bessent has taken an unusually activist role in trying to tamp down rising yields he considers to be misaligned with the U.S. economic outlook.
Bessent's campaign, which saw the expansion of a key debt buyback operation last week, is foundering, as the 10-year Treasury note rose above 5% to its highest since 2007. He shrugged the move off as owing to "global issues" on Tuesday as he arrived for a congressional hearing.
Treasury's bond market travails are raising questions whether the Fed might be requested to buy government debt to reduce supply, which could cap or lower yields, in turn easing government and private sector borrowing costs.
#costs
Sept 16 (Reuters) - Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but **** ysts see the central bank resisting any explicit call from the Trump administration to bail out the market.
The focus on the Fed's possible involvement comes as Treasury Secretary Scott Bessent has taken an unusually activist role in trying to tamp down rising yields he considers to be misaligned with the U.S. economic outlook.
Bessent's campaign, which saw the expansion of a key debt buyback operation last week, is foundering, as the 10-year Treasury note rose above 5% to its highest since 2007. He shrugged the move off as owing to "global issues" on Tuesday as he arrived for a congressional hearing.
Treasury's bond market travails are raising questions whether the Fed might be requested to buy government debt to reduce supply, which could cap or lower yields, in turn easing government and private sector borrowing costs.
#costs
2 days ago
Ron Paul is urging Americans to swap cash for gold coins.
In a recent interview with Kitco News, the former U.S. representative had some choice words about Treasury Secretary Scott Bessent's handling of the current bond crisis, which he sees as a reason everyone should stock up on gold ASAP.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#scott
In a recent interview with Kitco News, the former U.S. representative had some choice words about Treasury Secretary Scott Bessent's handling of the current bond crisis, which he sees as a reason everyone should stock up on gold ASAP.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#scott
2 days ago
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Iran-related news will be focus over the weekend. The Federal Reserve meeting will take center stage this coming week, with markets largely pricing in an interest rate hike on Sept. 16.
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
The stock market lost ground this past week as Treasury yields and oil prices surged, but rebounded Friday following the CPI inflation report. The S&P 500 and Nasdaq in particular made bullish technical moves.
Apple (AAPL), Moderna (MRNA), NetApp (NTAP) and Arista Networks (ANET) flashed buy signals heading into the weekend, with many others setting up.
Investors can make buys, but the market remains rangebound and ****** e to rapid sector rotation.
Apple stock is on SwingTrader. Arista Networks and NetApp stock are on the IBD 50. Apple stock and NetApp are on the IBD Big Cap 20. Arista stock is on IBD Sector Leaders.
#NASDAQ #sector #weekend
2 days ago
Nasdaq-listed DeFi Development Corp (NASDAQ: $DFDV) has increased its Solana (CRYPTO: $SOL) treasury by 55,491 SOL, bringing its total holdings to about 2.39 million SOL and SOL equivalents.
The company said Monday that its treasury has grown roughly 2% since August 27 as it resumed regular Solana purchases and continued generating yield from its holdings. DeFi Development Corp is now the second-largest public-company holder of Solana after Forward Industries.
Alongside the treasury increase, the company established a $300 million at-the-market offering for its CHAD perpetual preferred stock. The Variable Rate Series C Perpetual Preferred Stock carries an initial annual dividend rate of 13%. DeFi Development said it plans to issue the shares at or above their $10 par value, with most of the proceeds expected to fund additional SOL purchases.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#NASDAQ #offering
The company said Monday that its treasury has grown roughly 2% since August 27 as it resumed regular Solana purchases and continued generating yield from its holdings. DeFi Development Corp is now the second-largest public-company holder of Solana after Forward Industries.
Alongside the treasury increase, the company established a $300 million at-the-market offering for its CHAD perpetual preferred stock. The Variable Rate Series C Perpetual Preferred Stock carries an initial annual dividend rate of 13%. DeFi Development said it plans to issue the shares at or above their $10 par value, with most of the proceeds expected to fund additional SOL purchases.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#NASDAQ #offering
2 days ago
As of 11:38 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.44% to 7,623, the Nasdaq Composite (NASDAQINDEX:^IXIC) has fallen 0.44% to 26,217 as cooling artificial intelligence sentiment weighs on growth stocks, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.36% lower to 52,422.
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
Gold is down 1.88% to $4,325.10, and the 10-Year Treasury yield has slipped 0.02% to 4.96%, after reaching 5% for the first time since 2023. Communication stocks and healthcare are leading sector gains, while basic materials and industrials are underperforming.
Meta Platforms is climbing today after Goldman Sachs maintained a Buy rating, stressing the potential upside from its Muse AI agent. Micron Technology tumbled over 5% following warnings about the risks of rapid AI development. Those same concerns drove gains in cybersecurity stocks -- CrowdStrike Holdings soared 15%.
Tech leaders have issued dire warnings about the risks of rapid artificial intelligence (AI) development in recent days, prompting an industrywide pullback. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both highlighted the dangers that advanced systems could quickly move beyond human control and called for a slower pace of development.
Investors fear any slowdown could impact demand for AI infrastructure, pressuring some of this year's outperformers, such as Marvell Technology, CoreWeave, and Intel. Those worries are understandable, but it is important think about how any controls on AI development might impact long-term growth. Near-term sentiment may slip, but AI isn't going to disappear, and there is a chance that a slower build-out could actually strengthen the industry in the long term.
#down
2 days ago
What happened: The 10-year Treasury yield (^TNX) climbed past the 5% threshold on Monday for the first time since October 2023. Meanwhile, the 30-year Treasury (^TYX) yield hovered at 5.38%.
What's behind the move: Bond yields continued their ascent as Brent crude climbed to $108 a barrel, stoking inflation fears and leading investors to price in rate hikes ahead of the Federal Reserve's policy meeting this week.
Goldman Sachs revised its forecast for this week from no change to a rate hike following Friday's August inflation print.
"The report had little impact on our inflation view but pushed market pricing of a hike to nearly 90%, high enough that the FOMC will likely want to avoid the market reaction that would likely follow from remaining on hold," Goldman Sachs' chief economist David Mericle wrote on Sunday night.
Some strategists believe long-dated bond yields may ease if the Fed hikes rates at its Sept. 15-16 meeting.
#inflation #goldman #bond #year
What's behind the move: Bond yields continued their ascent as Brent crude climbed to $108 a barrel, stoking inflation fears and leading investors to price in rate hikes ahead of the Federal Reserve's policy meeting this week.
Goldman Sachs revised its forecast for this week from no change to a rate hike following Friday's August inflation print.
"The report had little impact on our inflation view but pushed market pricing of a hike to nearly 90%, high enough that the FOMC will likely want to avoid the market reaction that would likely follow from remaining on hold," Goldman Sachs' chief economist David Mericle wrote on Sunday night.
Some strategists believe long-dated bond yields may ease if the Fed hikes rates at its Sept. 15-16 meeting.
#inflation #goldman #bond #year
2 days ago
Good morning. Stocks fell on Monday as oil prices jumped ahead of a key Fed meeting this week.
(BZ=F) crude rose to $109 per barrel, stoking worries of persistent inflation as diesel prices remain above an all-time high of $6 per gallon.
Bond yields remained elevated, with the 10-year Treasury (^TNX) just a few basis points away from the 5% threshold.
The 2-year yield to 4.64%, signaling that markets expect Fed policymakers to raise rates. Investor bets that the Federal Reserve will hike rates on Wednesday stood at 80% on Polymarket.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
#year #good
(BZ=F) crude rose to $109 per barrel, stoking worries of persistent inflation as diesel prices remain above an all-time high of $6 per gallon.
Bond yields remained elevated, with the 10-year Treasury (^TNX) just a few basis points away from the 5% threshold.
The 2-year yield to 4.64%, signaling that markets expect Fed policymakers to raise rates. Investor bets that the Federal Reserve will hike rates on Wednesday stood at 80% on Polymarket.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
#year #good
2 days ago
Futures for the Dow Jones Industrial Average and the other major stock indexes traded lower Monday as oil prices surged amid the U.S.-Iran conflict. The Nasdaq took the brunt of the pain as Nvidia (NVDA) and other artificial intelligence stocks sold off on the stock market today after industry leaders urged a slowdown in AI model development.
Ahead of Monday's open, Dow futures dropped 0.4% while S&P 500 futures fell 0.7%. Nasdaq-100 futures tumbled 1.7% in early morning trading.
West Texas Intermediate crude futures advanced more than 4%, to roughly $104.40 a barrel after Saudi Arabia closed a key pipeline that bypasses the Strait of Hormuz. The 10-year Treasury yield edged higher to 4.98%. Also, bitcoin rose to roughly $77,600.
Among exchange traded funds, the Invesco QQQ (QQQ) was down 1.8%, as the State Street SPDR S&P 500 (SPY) fell 0.7% before Monday's opening bell.
Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now
#jones
Ahead of Monday's open, Dow futures dropped 0.4% while S&P 500 futures fell 0.7%. Nasdaq-100 futures tumbled 1.7% in early morning trading.
West Texas Intermediate crude futures advanced more than 4%, to roughly $104.40 a barrel after Saudi Arabia closed a key pipeline that bypasses the Strait of Hormuz. The 10-year Treasury yield edged higher to 4.98%. Also, bitcoin rose to roughly $77,600.
Among exchange traded funds, the Invesco QQQ (QQQ) was down 1.8%, as the State Street SPDR S&P 500 (SPY) fell 0.7% before Monday's opening bell.
Four Reasons To Put This Nvidia, AMD Partner On Your Watchlist Right Now
#jones
2 days ago
Dow Jones futures fell early Monday, along with S&P 500 futures and especially Nasdaq futures. Crude oil prices jumped while AI stocks are under pressure after artificial intelligence leaders called for slowing AI model development. Treasury yields and the upcoming Federal Reserve meeting also are key this week.
The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy signals. The S&P 500 index declined 0.8% and the Nasdaq fell 0.7%, both above their 50-day moving averages. The Dow Jones Industrial Average lost 1.6% in last week's stock market trading. The small-cap Russell 2000 shed 2.4%. Both are below their 50-day lines.
A number of stocks flashed buy signals or are setting up, but the choppy index action and rapid sector rotation has been a difficult environment.
U.S. crude oil futures spiked 9.4% to $100.05 a barrel last week, even with Friday's 2.4% decline. Oil prices shot up 20% in the last two weeks amid the widening U.S.-Iran conflict, threatening further oil supply routes.
The 10-year Treasury yield surged 19 basis points to 4.97%, the highest since nearly hitting 5% in October 2023. Markets are betting on a Fed rate hike, even as President Donald Trump reiterated his call for rate cuts.
#last #NASDAQ
The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy signals. The S&P 500 index declined 0.8% and the Nasdaq fell 0.7%, both above their 50-day moving averages. The Dow Jones Industrial Average lost 1.6% in last week's stock market trading. The small-cap Russell 2000 shed 2.4%. Both are below their 50-day lines.
A number of stocks flashed buy signals or are setting up, but the choppy index action and rapid sector rotation has been a difficult environment.
U.S. crude oil futures spiked 9.4% to $100.05 a barrel last week, even with Friday's 2.4% decline. Oil prices shot up 20% in the last two weeks amid the widening U.S.-Iran conflict, threatening further oil supply routes.
The 10-year Treasury yield surged 19 basis points to 4.97%, the highest since nearly hitting 5% in October 2023. Markets are betting on a Fed rate hike, even as President Donald Trump reiterated his call for rate cuts.
#last #NASDAQ
2 days ago
What happened: The 10-year Treasury yield (^TNX) climbed to 4.97% on Monday, just 3 basis points away from the 5% threshold. Meanwhile, the 30-year Treasury (^TYX) yield hovered at 5.35%.
What's behind the move: Bond yields stayed elevated as Brent crude climbed to $107 a barrel, stoking inflation fears and leading investors to price in rate hikes ahead of the Federal Reserve's policy meeting this week.
Goldman Sachs revised its forecast for this week from no change to a rate hike following Friday's August inflation print.
"The report had little impact on our inflation view but pushed market pricing of a hike to nearly 90%, high enough that the FOMC will likely want to avoid the market reaction that would likely follow from remaining on hold," Goldman Sachs' chief economist David Mericle wrote on Sunday night.
Some strategists believe long-dated bond yields may ease if the Fed hikes rates at its Sept. 15-16 meeting.
#yield
What's behind the move: Bond yields stayed elevated as Brent crude climbed to $107 a barrel, stoking inflation fears and leading investors to price in rate hikes ahead of the Federal Reserve's policy meeting this week.
Goldman Sachs revised its forecast for this week from no change to a rate hike following Friday's August inflation print.
"The report had little impact on our inflation view but pushed market pricing of a hike to nearly 90%, high enough that the FOMC will likely want to avoid the market reaction that would likely follow from remaining on hold," Goldman Sachs' chief economist David Mericle wrote on Sunday night.
Some strategists believe long-dated bond yields may ease if the Fed hikes rates at its Sept. 15-16 meeting.
#yield
4 days ago
If you are looking for yield today, rising interest rates have increased your options. For example, the 30-year Treasury bond's yield is around 5.3% as of this writing. By comparison, the S&P 500 index (SNPINDEX: ^GSPC) is only yielding around 1%. But there are still two big reasons why investors may want to buy a high-yield dividend stock like Coca-Cola (NYSE: KO), even though its 2.4% yield isn't even close to the 30-year Treasury yield.
A bond is an agreement between the lender and the borrower. The lender provides a fixed amount of cash, while the borrower pays interest at a fixed rate until the loan matures. When the loan matures, the borrower repays the bond's principal. Everything is fixed, and both the value of the interest collected and the bond's principal are slowly eroded by inflation. It doesn't matter that 30-year Treasuries are considered safe because they are backed by the U.S. government. The big inflation risk is still the same.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you have a short investment time horizon, inflation may not be a big issue for you. In which case, the 5.3% yield of a 30-year Treasury would probably be more attractive than Coca-Cola's 2.4% yield. However, if you have a long time horizon, Coca-Cola's yield comes with something that a Treasury doesn't: Growth.
Coca-Cola is one of the world's largest consumer staples companies. It has an incredible history of growth, highlighted by 64 annual dividend increases. That makes the company a Dividend King. But think about that for a second, you can collect 30 years of the same income from a bond or 30 years of increasing income from Coca-Cola. Since the start of 1996, roughly 30 years ago, the company's dividend has increased by nearly 750%. That dividend growth was driven by the company's growth, which also led to an over 300% increase in the stock price. If you hold a bond to maturity, all you get back is the principal.
#coca
A bond is an agreement between the lender and the borrower. The lender provides a fixed amount of cash, while the borrower pays interest at a fixed rate until the loan matures. When the loan matures, the borrower repays the bond's principal. Everything is fixed, and both the value of the interest collected and the bond's principal are slowly eroded by inflation. It doesn't matter that 30-year Treasuries are considered safe because they are backed by the U.S. government. The big inflation risk is still the same.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If you have a short investment time horizon, inflation may not be a big issue for you. In which case, the 5.3% yield of a 30-year Treasury would probably be more attractive than Coca-Cola's 2.4% yield. However, if you have a long time horizon, Coca-Cola's yield comes with something that a Treasury doesn't: Growth.
Coca-Cola is one of the world's largest consumer staples companies. It has an incredible history of growth, highlighted by 64 annual dividend increases. That makes the company a Dividend King. But think about that for a second, you can collect 30 years of the same income from a bond or 30 years of increasing income from Coca-Cola. Since the start of 1996, roughly 30 years ago, the company's dividend has increased by nearly 750%. That dividend growth was driven by the company's growth, which also led to an over 300% increase in the stock price. If you hold a bond to maturity, all you get back is the principal.
#coca
4 days ago
Something strange is currently happening with interest rates and inflation.
The United States Federal Funds Rate -- essentially the price banks charge each other to borrow money overnight -- currently sits at 3.75%. The rate has remained at 3.75% throughout 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For much of 2023 and 2024, the Fed Funds Rate was pegged at 5.5% to battle stubbornly high inflation. As inflation fears eased, the rate was gradually lowered to today's 3.75% level.
Despite a low and stable Fed Funds Rate, however, mortgage interest rates have begun to climb. According to the Wall Street Journal, average U.S. mortgage rates have climbed to a 15-month high of nearly 7%. Treasury yields, meanwhile, are approaching multi-year highs.
#NVIDIA #high
The United States Federal Funds Rate -- essentially the price banks charge each other to borrow money overnight -- currently sits at 3.75%. The rate has remained at 3.75% throughout 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For much of 2023 and 2024, the Fed Funds Rate was pegged at 5.5% to battle stubbornly high inflation. As inflation fears eased, the rate was gradually lowered to today's 3.75% level.
Despite a low and stable Fed Funds Rate, however, mortgage interest rates have begun to climb. According to the Wall Street Journal, average U.S. mortgage rates have climbed to a 15-month high of nearly 7%. Treasury yields, meanwhile, are approaching multi-year highs.
#NVIDIA #high
4 days ago
Updated Sept. 11, 2026 3:56 pm ET
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1554 ET – U.S. Treasury yields ended the week higher, with the 10-year yield almost reaching 5% before next week’s Federal Reserve meeting. The Consumer Price Index report from the Labor Department increased rate hike expectations to over 90%, according to CME’s FedWatch tool. The 2-year yield rose 0.263 percentage point this week to 4.642%. The 10-year yield rose 0.191 percentage point to 4.974% , hitting its highest yield since October 2023 this Friday. The 30-year yield rose 0.108 percentage point for the week to 5.354%. (jessica.coacciwsj.com)
1500 ET – The U.S. 10-year Treasury yield is edging back up toward 5% amid a sharp bond sell-off, erasing some of the earlier declines following the Labor Department’s release of August CPI data. The U.S. 10-year yield trades at 4.975% near its highest level of the day and at its highest intraday yield since October 2023. The U.S. 2-year yield still trades around 4.644%. (jessica.coacciwsj.com)
#week #rose #percentage #labor
Listen
(2 min)
1554 ET – U.S. Treasury yields ended the week higher, with the 10-year yield almost reaching 5% before next week’s Federal Reserve meeting. The Consumer Price Index report from the Labor Department increased rate hike expectations to over 90%, according to CME’s FedWatch tool. The 2-year yield rose 0.263 percentage point this week to 4.642%. The 10-year yield rose 0.191 percentage point to 4.974% , hitting its highest yield since October 2023 this Friday. The 30-year yield rose 0.108 percentage point for the week to 5.354%. (jessica.coacciwsj.com)
1500 ET – The U.S. 10-year Treasury yield is edging back up toward 5% amid a sharp bond sell-off, erasing some of the earlier declines following the Labor Department’s release of August CPI data. The U.S. 10-year yield trades at 4.975% near its highest level of the day and at its highest intraday yield since October 2023. The U.S. 2-year yield still trades around 4.644%. (jessica.coacciwsj.com)
#week #rose #percentage #labor
4 days ago
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The Treasury Department's $6 billion bond buyback, an effort to stem rising yields, fell far short of expectations Thursday. The repurchase of government debt led to Treasury yields continuing to climb, with the 10-year note topping a three-year high. Potential home buyers and refinancers hoping for some mortgage rate relief instead saw rates creep toward, and in some reports, top 7%.
Yields were mixed Friday, with the 10-year Treasury remaining just below 5%.
In an interview Thursday evening with conservative strategist Steve Bannon on "War Room," Treasury Secretary Scott Bessent disputed the talk that the buyback program failed.
"This whole nonsense today that our operation didn't work — well, our operation didn't work, because we only had $10 billion of offers for our buyback program," Bessent said. "Normally, we get $20 billion, and we only buy the bonds back cheap. People seem to want to keep their long-term bonds, because we only had half as many offers. So, it's a bunch of noise, and in my career, I made money ignoring the noise."
#yields #offers #year
The Treasury Department's $6 billion bond buyback, an effort to stem rising yields, fell far short of expectations Thursday. The repurchase of government debt led to Treasury yields continuing to climb, with the 10-year note topping a three-year high. Potential home buyers and refinancers hoping for some mortgage rate relief instead saw rates creep toward, and in some reports, top 7%.
Yields were mixed Friday, with the 10-year Treasury remaining just below 5%.
In an interview Thursday evening with conservative strategist Steve Bannon on "War Room," Treasury Secretary Scott Bessent disputed the talk that the buyback program failed.
"This whole nonsense today that our operation didn't work — well, our operation didn't work, because we only had $10 billion of offers for our buyback program," Bessent said. "Normally, we get $20 billion, and we only buy the bonds back cheap. People seem to want to keep their long-term bonds, because we only had half as many offers. So, it's a bunch of noise, and in my career, I made money ignoring the noise."
#yields #offers #year
5 days ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgage rates continue to rise as 2026 nears its fourth quarter. What is the outlook for home loan rates in the next five years? Should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference is known as the spread, and we'll account for it when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#rates #treasury #look #predictions
Mortgage rates continue to rise as 2026 nears its fourth quarter. What is the outlook for home loan rates in the next five years? Should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference is known as the spread, and we'll account for it when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#rates #treasury #look #predictions
5 days ago
First Citizens BancShares, Inc. (NASDAQ:FCNCA), through its First-Citizens Bank & Trust Company subsidiary, completed the acquisition of 138 BMO Bank N.A. branches on September 4. The locations span 11 states across the Midwest, Great Plains and West.
The completion announcement did not disclose final transferred balances. At the announcement, First Citizens BancShares, Inc. (NASDAQ:FCNCA) expected to ****** ume approximately $5.7 billion of deposits and acquire $1.1 billion of loans. Its July 2026 update lowered those estimates to $5.3 billion and $700 million, respectively. Both estimates imply roughly $4.6 billion of net liquidity. That difference represents funding capacity, not transaction income, and remains subject to final balances and acquisition accounting.
The deposit franchise could be the transaction's most valuable ****** et. At announcement, the acquired deposits carried a weighted average rate of 1.43%, with 21% in noninterest-bearing demand accounts. First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a 2.07% average total deposit cost in the second quarter of 2026. Retaining the acquired accounts near their original pricing could lower the consolidated funding cost.
The 138 branches also establish or deepen a presence across 11 states. The original transaction presentation identified approximately $1.0 billion of wealth ****** ets under management, creating opportunities to cross-sell commercial lending, treasury services, and wealth products. Retaining branch personnel could help preserve local relationships.
First Citizens BancShares, Inc. (NASDAQ:FCNCA) can deploy the surplus funding in several ways. As of June 30, 2026, the company held $151.03 billion of loans and $32.19 billion of borrowings, including a $28.42 billion purchase money note owed to the Federal Deposit Insurance Corporation. The acquired liquidity could support loan growth, replace more expensive funding, or be invested in securities. The original presentation projected immediate earnings-per-share accretion and an approximately 27-basis-point reduction in the Common Equity Tier 1 capital ratio.
#billion #first #citizens
The completion announcement did not disclose final transferred balances. At the announcement, First Citizens BancShares, Inc. (NASDAQ:FCNCA) expected to ****** ume approximately $5.7 billion of deposits and acquire $1.1 billion of loans. Its July 2026 update lowered those estimates to $5.3 billion and $700 million, respectively. Both estimates imply roughly $4.6 billion of net liquidity. That difference represents funding capacity, not transaction income, and remains subject to final balances and acquisition accounting.
The deposit franchise could be the transaction's most valuable ****** et. At announcement, the acquired deposits carried a weighted average rate of 1.43%, with 21% in noninterest-bearing demand accounts. First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a 2.07% average total deposit cost in the second quarter of 2026. Retaining the acquired accounts near their original pricing could lower the consolidated funding cost.
The 138 branches also establish or deepen a presence across 11 states. The original transaction presentation identified approximately $1.0 billion of wealth ****** ets under management, creating opportunities to cross-sell commercial lending, treasury services, and wealth products. Retaining branch personnel could help preserve local relationships.
First Citizens BancShares, Inc. (NASDAQ:FCNCA) can deploy the surplus funding in several ways. As of June 30, 2026, the company held $151.03 billion of loans and $32.19 billion of borrowings, including a $28.42 billion purchase money note owed to the Federal Deposit Insurance Corporation. The acquired liquidity could support loan growth, replace more expensive funding, or be invested in securities. The original presentation projected immediate earnings-per-share accretion and an approximately 27-basis-point reduction in the Common Equity Tier 1 capital ratio.
#billion #first #citizens
5 days ago
Good morning. Stocks were on track for their fourth day of declines on Thursday as investors watched long-dated bond yields amid surging oil prices ahead of this week's key inflation print.
The market has been pricing in a 62% chance of a Fed rate hike ahead of Fed policymakers' meeting next week.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
The 2-year yield also gained 10 basis points during the session to 4.53% as traders adjust to the idea that monetary policy will stay "higher for longer."
The 10-year Treasury (^TNX) hovered near 4.91% while Brent crude futures (BZ=F) topped $105 per barrel amid continued Iran-US tensions in the Middle East.
#amid #finance
The market has been pricing in a 62% chance of a Fed rate hike ahead of Fed policymakers' meeting next week.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
The 2-year yield also gained 10 basis points during the session to 4.53% as traders adjust to the idea that monetary policy will stay "higher for longer."
The 10-year Treasury (^TNX) hovered near 4.91% while Brent crude futures (BZ=F) topped $105 per barrel amid continued Iran-US tensions in the Middle East.
#amid #finance
5 days ago
Solana (SOL) has been trading relatively range-bound lately, but bulls have managed to defend the $100 psychological threshold ahead of the Federal Reserve's interest rate decision.
The macroeconomic backdrop continues to be challenging for cryptocurrencies, as inflation in the United States is nearly 200 basis points higher than the central bank's target.
Odds of a rate hike in September have now jumped to 62%, up from a recent low of 50%. Meanwhile, the Treasury Department's decision to triple its bond buybacks did little to change the market's cautious attitude.
As a result, the latest crypto rally has stalled, with SOL experiencing a mild 0.7% advance in the past 7 days.
However, an on-chain metric seems to be indicating that a massive price move is about to take place based on historical patterns.
#rate #meanwhile
The macroeconomic backdrop continues to be challenging for cryptocurrencies, as inflation in the United States is nearly 200 basis points higher than the central bank's target.
Odds of a rate hike in September have now jumped to 62%, up from a recent low of 50%. Meanwhile, the Treasury Department's decision to triple its bond buybacks did little to change the market's cautious attitude.
As a result, the latest crypto rally has stalled, with SOL experiencing a mild 0.7% advance in the past 7 days.
However, an on-chain metric seems to be indicating that a massive price move is about to take place based on historical patterns.
#rate #meanwhile
5 days ago
By Mike Dolan
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
5 days ago
Major indexes climbed Friday afternoon, holding to early momentum as investors took in stride inflation data showing consumers continued to pay higher prices for goods and services in August. Among movers rounding off the holiday-shortened week, shipping and logistics provider Matson (MATX) broke out.
The Dow Jones Industrial Average rose 1.1%, or about 590 points, as the S&P 500 moved up 1.1%. Ten of the index's 11 sectors moved higher. The tech-heavy Nasdaq composite tacked on 1.2%, and the Russell 2000 small-cap index picked up 0.7%.
Stocks found some relief from a nearly 3% slide in West Texas Intermediate crude futures to just below $100 a barrel. The 10-year Treasury yield was steady at a 52-week high of 4.95%. Bitcoin rose to roughly $77,700.
Matson (MATX) broke out of a consolidation at a 230.74 pivot. The Hawaii-based company's fleet of vessels includes containerships and barges. Matson is on the IBD Ready List – a list of stocks that are or may become actionable soon.
Meanwhile, Best Buy (BBY) neared a buy point of 91.27 in a consolidation base. The stock was the biggest gainer on the list on Friday.
#matx #higher
The Dow Jones Industrial Average rose 1.1%, or about 590 points, as the S&P 500 moved up 1.1%. Ten of the index's 11 sectors moved higher. The tech-heavy Nasdaq composite tacked on 1.2%, and the Russell 2000 small-cap index picked up 0.7%.
Stocks found some relief from a nearly 3% slide in West Texas Intermediate crude futures to just below $100 a barrel. The 10-year Treasury yield was steady at a 52-week high of 4.95%. Bitcoin rose to roughly $77,700.
Matson (MATX) broke out of a consolidation at a 230.74 pivot. The Hawaii-based company's fleet of vessels includes containerships and barges. Matson is on the IBD Ready List – a list of stocks that are or may become actionable soon.
Meanwhile, Best Buy (BBY) neared a buy point of 91.27 in a consolidation base. The stock was the biggest gainer on the list on Friday.
#matx #higher
5 days ago
The U.S. dollar remains flat amid higher treasury yields driven by soaring energy costs. With Brent crude topping $100, worries of inflation across the globe are coming back, with the U.S. 10-year yield climbing to a 2023 high. That said, the dollar has remained unchanged, demonstrating lack of interest from investors to add long positions before the release of the upcoming US inflation data and next week's FOMC meeting.
The U.S. data on tap to influence markets is the Producer Price Index (PPI) today and Consumer Price Index (CPI) on Friday. The market currently puts odds at around 60% that the Fed may hike at its next meeting on Wednesday, following strong labor market data and increased energy shock. The energy crisis may also bring inflation concerns to investors, while the data may be weaker and may even lead market ****** ysts to turn less hawkish.
The euro zone also remains front and center. The ECB is going to hike rates by 25 bps today and mail the deposit rate at 2.50%. The consensus in the market is that the ECB will not hike again this year. Euro zone inflation was at 3.3% in August, and pressure on energy prices is building, with Deutsche Bank calling for a December rate hike.
Sterling remains subdued. The Bank of England is more cautious than its peers. There is a high consensus in the market that the BoE will hold rates on September 17. 57 of the economists polled in the REUTERS survey expect the BoE to hold for the remainder of the year. Energy concerns are high, and wage and price inflation are still muted.
As indicated in the chart, tightening by the ECB contrasts with the Fed's data dependency and the BoE's wait-and-see approach.
#energy #inflation #hike #remains
The U.S. data on tap to influence markets is the Producer Price Index (PPI) today and Consumer Price Index (CPI) on Friday. The market currently puts odds at around 60% that the Fed may hike at its next meeting on Wednesday, following strong labor market data and increased energy shock. The energy crisis may also bring inflation concerns to investors, while the data may be weaker and may even lead market ****** ysts to turn less hawkish.
The euro zone also remains front and center. The ECB is going to hike rates by 25 bps today and mail the deposit rate at 2.50%. The consensus in the market is that the ECB will not hike again this year. Euro zone inflation was at 3.3% in August, and pressure on energy prices is building, with Deutsche Bank calling for a December rate hike.
Sterling remains subdued. The Bank of England is more cautious than its peers. There is a high consensus in the market that the BoE will hold rates on September 17. 57 of the economists polled in the REUTERS survey expect the BoE to hold for the remainder of the year. Energy concerns are high, and wage and price inflation are still muted.
As indicated in the chart, tightening by the ECB contrasts with the Fed's data dependency and the BoE's wait-and-see approach.
#energy #inflation #hike #remains
5 days ago
The U.S. Treasury Department said Wednesday that it plans to buy $6 billion of government debt this week as part of an effort to reduce long-term borrowing costs and maintain liquidity in the bond market. The buyback operation, which triples the normal level of $2 billion per week, will continue at a higher level moving forward, Treasury said, with at least $4 billion in debt purchased each week for the next few months, and perhaps longer.
This week's buyback, which is scheduled for Thursday, will focus on 10- and 20-year Treasury bonds. Yields have been rising on those bonds, along with other durations, as investors confront the reality of persistent inflation, massive investment in artificial intelligence and rising government debt levels around the world.
Treasury Secretary Bessent said Tuesday that the buyback operation is intended to reduce the "fever that was building" in the bond markets.
The markets did not respond as hoped. Treasury yields rose after the announcement Wednesday, with the yield on long-duration bonds rising as much as 5 basis points in volatile trading, though yields fell back in later trading.
"It doesn't seem like the patient's feeling much better," Adam Josephson of Sakonnet Research wrote in a note, per Investopedia.
#week #rising #government
This week's buyback, which is scheduled for Thursday, will focus on 10- and 20-year Treasury bonds. Yields have been rising on those bonds, along with other durations, as investors confront the reality of persistent inflation, massive investment in artificial intelligence and rising government debt levels around the world.
Treasury Secretary Bessent said Tuesday that the buyback operation is intended to reduce the "fever that was building" in the bond markets.
The markets did not respond as hoped. Treasury yields rose after the announcement Wednesday, with the yield on long-duration bonds rising as much as 5 basis points in volatile trading, though yields fell back in later trading.
"It doesn't seem like the patient's feeling much better," Adam Josephson of Sakonnet Research wrote in a note, per Investopedia.
#week #rising #government
6 days ago
US stocks fell for a third day in a row on Wednesday as oil prices continued to rise and Treasury yields jumped after Treasury Secretary Scott Bessent revealed new bond buyback plans.
The Dow Jones Industrial Average (^DJI) lost nearly 0.8%, and the Nasdaq Composite (^IXIC) fell 0.6%, extending losses after a downbeat session on Tuesday. The S&P 500 (^GSPC) fell by roughly 0.5%.
The 10-year yield (^TNX) rose 3 basis points to 4.83%, its highest level since October 2023, as the market reacted negatively to Bessent's announcement that the Treasury Department intends to triple its next bond buyback program in an effort to curb rising borrowing costs.
Oil prices reached triple digits for the first time in over a month after fighting between the US and Iran escalated and the US struck five Iranian oil tankers. Brent crude oil futures (BZ=F), the global benchmark, traded at $101 per barrel, while US benchmark WTI crude (CL=F) climbed to $96 per barrel.
Concerns that energy supply disruptions stemming from the war in the Strait of Hormuz will persist fed into bets that the Federal Reserve will raise interest rates next week. Traders now see a 60% chance of a 25 basis point hike this month, according to CME Group, up slightly from the odds a day ago.
#bond #triple
The Dow Jones Industrial Average (^DJI) lost nearly 0.8%, and the Nasdaq Composite (^IXIC) fell 0.6%, extending losses after a downbeat session on Tuesday. The S&P 500 (^GSPC) fell by roughly 0.5%.
The 10-year yield (^TNX) rose 3 basis points to 4.83%, its highest level since October 2023, as the market reacted negatively to Bessent's announcement that the Treasury Department intends to triple its next bond buyback program in an effort to curb rising borrowing costs.
Oil prices reached triple digits for the first time in over a month after fighting between the US and Iran escalated and the US struck five Iranian oil tankers. Brent crude oil futures (BZ=F), the global benchmark, traded at $101 per barrel, while US benchmark WTI crude (CL=F) climbed to $96 per barrel.
Concerns that energy supply disruptions stemming from the war in the Strait of Hormuz will persist fed into bets that the Federal Reserve will raise interest rates next week. Traders now see a 60% chance of a 25 basis point hike this month, according to CME Group, up slightly from the odds a day ago.
#bond #triple
6 days ago
The dollar index (DXY00) recovered from a 2.5-week low on Wednesday and finished up by +0.06%. The dollar found support on Wednesday after WTI crude oil surged +3 % to a 3.25-month high, boosting inflation expectations and potentially persuading the Fed to tighten monetary policy. Also, short covering emerged in the dollar on Wednesday after the US Treasury announced it would purchase $6 billion of long-term US government debt securities on Thursday, below expectations of $10 billion. In addition, Wednesday's increase in the 10-year T-note yield to a 2.75-year high of 4.85% has strengthened the dollar's interest rate differentials.
The dollar initially moved lower on Wednesday amid strength in the yen after US Treasury Secretary Bessent challenged traders to test his resolve on strengthening the yen.
Dollar Slips on **** anese Yen Strength
AT&T Offers $10K Reward for Tips as Cable Theft Soars Alongside Copper Prices
Dollar Slips Before the Treasury's Buyback Operation
#wednesday #treasury #billion #dxy00
The dollar initially moved lower on Wednesday amid strength in the yen after US Treasury Secretary Bessent challenged traders to test his resolve on strengthening the yen.
Dollar Slips on **** anese Yen Strength
AT&T Offers $10K Reward for Tips as Cable Theft Soars Alongside Copper Prices
Dollar Slips Before the Treasury's Buyback Operation
#wednesday #treasury #billion #dxy00
6 days ago
The Treasury Department on Wednesday revealed that it will buy back up as much as $6 billion in longer-dated U.S. debt in an operation this week.
The agency's Bureau of the Fiscal Service announced that it will purchase up to $6 billion in 10-year notes and 20-year bonds in an operation. The securities that will be bought in the operation, which is scheduled to occur from 1:40 p.m. to 2 p.m. ET on Thursday, have maturity dates ranging from February 2037 and August 2046.
The buybacks follow Treasury Secretary Scott Bessent's announcement that Treasury's buyback operations would be at least $4 billion until early November, an increase from the $2 billion that the agency would typically buy back in an operation.
Yields on Treasurys have been elevated in recent years due to stubborn inflation, which has been exacerbated by the Iran war and has caused interest rates to rise further.
Bessent Says Treasury Auctions Will Continue As Usual Despite Expanded Buyback Program
#buyback #back #year #fiscal
The agency's Bureau of the Fiscal Service announced that it will purchase up to $6 billion in 10-year notes and 20-year bonds in an operation. The securities that will be bought in the operation, which is scheduled to occur from 1:40 p.m. to 2 p.m. ET on Thursday, have maturity dates ranging from February 2037 and August 2046.
The buybacks follow Treasury Secretary Scott Bessent's announcement that Treasury's buyback operations would be at least $4 billion until early November, an increase from the $2 billion that the agency would typically buy back in an operation.
Yields on Treasurys have been elevated in recent years due to stubborn inflation, which has been exacerbated by the Iran war and has caused interest rates to rise further.
Bessent Says Treasury Auctions Will Continue As Usual Despite Expanded Buyback Program
#buyback #back #year #fiscal
