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Top Economist El-Erian Thinks Bonds Warrant A 'More Differentiated' View As Credit Risk Is Far From Done
Monday, January 2, 2023 - 8:52pm | 436As the Federal Reserve hiked its policy rate by over four percentage points in 2022 to tackle rising inflation, the U.S. Treasury market registered a record annual loss. The U.S. bond market index declined 12.5% during the year, the most in its history, reported Bloomberg. The worst months for...
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Treasury Yields Hit Highest Level Since June, Weighing On Tech Sector In Particular
Tuesday, September 28, 2021 - 10:12am | 2139Technology stocks came under heavy selling pressure early Tuesday as investors looked at a combination of uncertainty on Capitol Hill coupled with all but the certainty that borrowing costs will increase. The yield on the benchmark 10-year note jumped more than 5 basis points to the top 1.54%, its...
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Strong Crude, Higher Yields, Best Buy Earnings Combine To Give Market Early Lift
Tuesday, August 24, 2021 - 10:16am | 2096After another big rally to start the week, what can Wall Street do for an encore? Maybe not a lot, at least for the moment. Stocks moved up just a bit in pre-market trading. It looks early like there might be a chance for small gains on top of what happened yesterday, but a lack of major new...
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Strong Month; Weak Finish: Stocks, Treasury Yields Under Pressure In Early Friday Trading
Friday, July 30, 2021 - 10:13am | 2489The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Whether you’re running for the gold medal in Tokyo or running for honor in the three-legged race at the summer barbecue, it’s...
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Financials Get A Jumpstart As Treasury Yields Rise After Fed Takes More Hawkish Tone
Wednesday, June 16, 2021 - 4:03pm | 2875The Fed didn’t announce a stimulus tapering coming out of its meeting today, but the market sure acted like it did and even Fed Chairman Jerome Powell indicates the time for talking about it is here. Stock indices quickly fell to session lows when the Fed issued projections showing much...
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'Be Wary Of Cashing In': Stock Market Update For The Week Ahead
Sunday, August 2, 2020 - 12:07pm | 2260The Past Week, In A Nutshell What Happened: Stocks closed the week practically unchanged after mixed reactions to a slew of blow-out earnings results. Remember This: “Although the stock market will certainly experience pullbacks, disappointments and corrections along the way, the horses have...
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Treasury Volatility Has Peaked, But Equity Market Remains Uncertain: BlackRock's Rick Rieder
Thursday, March 26, 2020 - 6:16am | 348Bond market volatility has peaked, and the stock market may have hit bottom, the BlackRock, Inc (NYSE: BLK) Managing Director Rick Rieder told CNBC on Wednesday. What Happened "I think the 10-year could back up to 1%, but I don't think we're moving significantly higher than...
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Wednesday's Market Minute: "Don't Tell Me To Calm Down!"
Wednesday, March 4, 2020 - 10:32am | 280Futures are pointing toward a higher open, as markets seem to have been bolstered by the Fed's surprise rate cut yesterday as well as favorable Super Tuesday results for Joe Biden. But yesterday's 0.5% reduction didn't feel like it completely soothed jittery investors worried about coronavirus and...
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10-Year Treasury Bond Yield Falls Below 1% For The First Time Ever
Tuesday, March 3, 2020 - 5:45pm | 326The 10-year U.S. Treasury bond yield fell below 1% for the first time ever on Tuesday as investors continued to react to the spreading COVID-19 outbreak and the Federal Reserve made an emergency interest rate cut trying to stave off economic effects from the epidemic. Flight To Bonds With the cut...
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Key Stocks Like Apple, Disney Close To Or Already In Bear Territory As Selloff Continues
Friday, February 28, 2020 - 6:07pm | 2417If you didn’t have whiplash going into Friday’s session, you almost definitely do now. The brutal sell-off that made this the worst week since 2008 ended with some green shoots clawing through the rubble as things turned around sharply in the last half hour of the day. The Nasdaq...
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Thursday's Market Minute: The Falling Knife
Thursday, February 27, 2020 - 10:24am | 264Global equity markets came under heavy selling pressure on massive volume this week as the world continues to grapple with the coronavirus. S&P 500 futures are off about 9.6% from all-time highs on Feb. 20, with premarket trading currently pointing toward another red cash open today. Many...
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Tech Stocks In Correction Territory, Including Apple And Facebook, But Investors Nibbling
Wednesday, February 26, 2020 - 10:51am | 2752For those who didn’t get enough drama Monday and Tuesday as the Dow Jones Industrial Average ($DJI) cratered nearly 2,000 points, things might be more interesting today. That’s because major indices are on the cusp of testing some key levels that many investors think of as...
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USD/JPY Forecast: Poised To Test 109.65
Tuesday, February 25, 2020 - 4:04pm | 370USD/JPY Current Price: 109.93 Fears of recession exacerbated by the coronavirus spreading through Europe. The US 10-year Treasury yield fell to a record low of 1.32%, sets nearby. USD/JPY poised to test 109.65, break below it exposes monthly low at 108.31. The USD/JPY pair fell to the 110....
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USD/JPY Forecast: Poised To Extend Its Decline Once Below 110.20
Monday, February 24, 2020 - 4:12pm | 400USD/JPY Current Price: 110.63 Risk aversion amid spreading coronavirus backed the Japanese yen. US indexes collapsed, Treasury yields fell to multi-year lows. USD/JPY poised to extend its decline once below 110.20. The USD/JPY pair lost roughly 100 pips this Monday on the back of...
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Follow-Through Wednesday? Stocks Look To Build On Late Tuesday Rally
Wednesday, September 11, 2019 - 9:58am | 2132If today has a theme, it could be “follow-through.” The question going in is, can stocks pick up on the momentum where they left off late Tuesday? Though stocks were down most of the day yesterday, they clawed back to close around flat and near the day’s highs, with the Dow Jones...