Tag Archives: Treasury

(Bloomberg) — Most stocks fell Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Most Read from Bloomberg Europe’s Stoxx 600 Index declined, with energy the only sector to advance. U.S. equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, pushing two-year and 10-year yields up to levels last seen before the pandemic roiled markets. Even… Source link

A “Google tax” introduced by the coalition government to crack down on multinationals shifting profits overseas has been criticised as a “total failure”, as new documents show it is predicted to raise no money over the next six years. The diverted profits tax, introduced in 2015, was hailed as a pioneering effort to tackle multinationals who were reducing their UK corporation tax by shifting profits overseas. It was predicted by officials that the tax would raise up to £400m a year,… Source link

Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.  Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.  The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link

The Biden administration is taking action to safeguard against ransomware attacks by penalizing cryptocurrency exchanges that help facilitate illegal attacks, while also laying out guidelines for companies to safeguard against said attacks. In its strongest actions to date, the U.S. Treasury will impose sanctions on Suex – a virtual currency exchange that has fronted transactions involving illegal profits for at least eight different ransomware attacks. Analysis of known SUEX transactions… Source link

(Bloomberg) — Slowing economic recovery amid a resurgent pandemic is leaving emerging-market currencies vulnerable to a selloff if Treasury yields rise again. While the influence of U.S. borrowing costs on developing-nation currencies has waned in recent months, it may return to prominence for riskier assets as the cushioning effects from China’s growth rebound and low inflation weaken, according to money managers including Fidelity International and Credit Agricole CIB. “A very sharp,… Source link

(Bloomberg) — The pressure on long bond yields is going global, led by Treasuries and U.K. gilts, as investors reconsider reflation expectations and brace for an eventual pullback of central bank stimulus. The Treasury five- to 30-year yield spread, which reflects the balance between the interest-rate outlook and inflation expectations, narrowed to the smallest gap since August. Its U.K. counterpart narrowed the least since December. That compression was driven by 30-year yields’ decline… Source link

(Bloomberg) — U.S. Treasury yields rose amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were mixed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The U.S. 10-year rate bounced back from its 50-day moving average, underscoring the reflation trade is still alive, but… Source link

TipRanks Analysts Say These 3 Stocks Are Their Top Picks for 2021 Remember back in February, when we were worried about a market correction? Back when the NASDAQ dipped 10% from its peak… Yeah, well, never mind about that. Markets are up, up, up lately. A strong jobs report last Friday has helped, showing 916,000 new positions in March, the best print since last August, and almost a quarter-million higher than expectations. Rising markets make it a good time to look at the ‘top picks’… Source link

AccuWeather Governor ‘utterly impressed’ by family’s spirit in wake of tornado Nearly a week after a round of severe weather collapsed homes, tore apart neighborhoods and claimed the lives of at least six people, a dozen tornado paths were confirmed Monday across Alabama, Georgia and Mississippi — and survey crews upgraded the intensity of some of the most destructive twisters that touched down. The National Weather Service has totaled one EF4, four EF3, three EF2, three EF1 and one EF0… Source link

undefined Stock traded higher on Monday as technology stocks rose to recover some of last week’s declines. [Click here to read what’s moving markets heading into Tuesday, March 23] The Dow turned positive even as shares of component companies JPMorgan Chase (JPM) and Goldman Sachs (GS) lagged. Bank stocks, industrials and other cyclical shares including small caps underperformed, giving back some recent gains. Technology shares outperformed after another week of declines last week, and the… Source link