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$3 Billion Crypto Manager Takes A New Stand On Bitcoin After Sudden Decline - And Gives A Trading Tip
Tuesday, August 29, 2023 - 11:17am | 597Matrixport, a crypto service provider overseeing over $3 billion in assets, is out with its latest call on Bitcoin (CRYPTO: BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. On Aug. 15,...
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Mortgage Rates Climb To 7.31%, Highest in 23 Years: Shocking Chart Reveals Tremors in Housing Market
Wednesday, August 23, 2023 - 9:17am | 681The U.S. housing market is facing a seismic shock. Mortgage rates skyrocket to levels not seen in over two decades. The average contract interest rate for 30-year fixed-rate mortgages has surged by 15 basis points (bps). The rates reached a staggering 7.31% for the week ending Aug. 18. This marks...
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Value Stocks Outshine Growth Amidst Rising Treasury Yields: Key Sectors and Stocks Analyzed
Monday, August 21, 2023 - 1:53pm | 1008In recent weeks, value stocks have outperformed growth counterparts, proving to be a hedge against the market’s downturn. The Vanguard Value Index Fund ETF (NYSE:VTV) has beaten the Vanguard Growth Index Fund ETF (NYSE:VUG) by 5% during the past month. The momentum shift comes as investors...
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US Treasury Yields Hit Highest In Over 10 Years: Ackman Scores Early Win Over Buffett
Thursday, August 17, 2023 - 12:06pm | 782U.S. long-term Treasury yields have soared to their highest levels in more than 10 years, unsettling investors as these traditionally “risk-free” rates continue to climb. The 10-year Treasury note’s yield reached 4.30% during the Aug. 17 session, nearing the October 2022 highs of...
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Larry Summers Predicts 10-Year Yields Will Hit 4.75% Or Higher In Next Decade As Economy Shifts To 'New Era'
Wednesday, August 16, 2023 - 3:33pm | 409Lawrence Summers, who previously served as the U.S. treasury secretary in the Clinton administration, has recently voiced concerns regarding the potential rise in 10-year yields, anticipating them to be significantly higher than what we’ve seen in the last 20 years. The expected increase in...
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US Service Sector Records 7 Months of Expansion, But July's Momentum Slows Down
Thursday, August 3, 2023 - 10:26am | 449Economic activity in the U.S. private services sector maintained its expansion in July, but at a reduced rate compared to previous months, according to surveys released Thursday by S&P Global and the Institute of Supply Management (ISM). The Services PMI measured by S&P was revised by 0.1...
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US Credit Rating Cut Triggers Surge In Treasury Yields: 7 ETFs Experience Wild Swings
Wednesday, August 2, 2023 - 4:28pm | 794U.S. Treasury yields experienced a significant surge on Wednesday, influenced by a combination of factors including elevated issuance plans and Fitch’s downgrade of the United States’ sovereign credit rating. The 10-year Treasury note briefly reached a yield of 4.1%, while the yield on...
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Dollar Steady As Market Eyes US Job Data And Fed Rate Hikes
Friday, July 7, 2023 - 12:52am | 378The US dollar maintained a steady position as investors eagerly awaited the nonfarm payrolls report and assessed the implications of prolonged Federal Reserve interest rates on the economic growth outlook, Reuters reports. Anticipation for Nonfarm Payrolls Report Investors are keenly awaiting the...
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Growing Yield Curve Inversion Raises Concerns Of Ignored Recession Warning in Stock Market
Wednesday, June 28, 2023 - 5:10pm | 730On Wednesday (June 28), the U.S. Treasury yield curve inverted further, with the yield on the two-year note exceeding the yield on the 10-year note by a full percentage point. This is the biggest level of inversion since March 9, when a slew of regional bank failures disrupted the Treasury yield...
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Jamie Dimon Thinks Everyone Should 'Be Prepared' For Interest Rates Going Up From Here
Tuesday, May 23, 2023 - 1:45am | 489JPMorgan CEO Jamie Dimon reportedly said everyone must be prepared for higher interest rates and noted that credit is already tightening up. "You are already seeing credit tightening up because you know the easiest way for a bank to retain capital is not to make the next loan. So, I think you are...
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Traders Raise Bets On June Interest Rate Hike As Fed Officials Hints 'We Are Not There Yet': Dollar Strengthens, Treasury Yields Jump
Thursday, May 18, 2023 - 10:53am | 450Dallas Fed President Lorie Logan said Thursday that current data does not support a pause in interest rate hikes yet, leading market expectations for a Fed hike in June to increase again. The implied probability of a fresh rate rise by the Federal Reserve in June is close to 40% now, up...
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Dollar Recovers, Fed Rate Hike Bets And Treasury Yields Rise As New York Manufacturing Activity Sharply Improves in April
Monday, April 17, 2023 - 12:07pm | 559The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time. This follows the latest better-than-expected...
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Bond Market A Warning Sign For Fed's Mistake, Says Analyst: '2-Year Treasury Yield Acting Like Meme Stock'
Wednesday, April 12, 2023 - 4:12am | 615The U.S. has been sporting an inverted yield curve for some time, with longer maturity bonds yielding less than ones with shorter maturities. This reflects investor expectations for a decline in long-term interest rates, which is typical of recessions. An analyst recently offered her take on...
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El-Erian Says Fed Risks Tipping Economy Into Recession Every Time It Falls Behind
Thursday, March 2, 2023 - 9:41pm | 395Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said every time the central bank falls behind, the risk of the central bank pushing the economy into recession goes up. "The minute you go to the 10-year (Treasury yield), you know you are bringing in a whole set of...
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Treasury Yields Are Rising: What Will That Mean For Stocks As Investors Pivot To Government Bond ETFs?
Wednesday, February 22, 2023 - 5:21pm | 512Yields on U.S. Treasury notes have been rising consistently throughout February, putting stock prices on the line. The 10-year treasury bond came a hair’s breadth away from reaching the psychological mark of 4% on Wednesday, at 3.95%. Currently, yields stand at 3.92%. High yields on treasury...