Treasury

Let's put the recent Nasdaq strength into context. It's impressive, no doubt. Bond yields have flattened, and growth stocks have regained momentum with the help of resurgent valuations. I've been as surprised as anyone by the sustainability of the recent move. Up until Monday, Nasdaq...

Without any major economic data this morning, it seems like investors may be biding their time for guidance from numbers out later in the week, including the big government jobs report on Friday. With the S&P 500 Index (SPX) in record territory and movement on a potential...

The 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...

Economic activity is picking up faster than many expected, and the recovery poses challenges for central bankers. They must find a way to unwind the accommodative measures and avoid an unwanted recession further down the road. The Federal Reserve has repeatedly signaled it would look through any...

Janet Yellen, former Federal Reserve chair, could join President-elect Joe Biden’s team as the first female Treasury secretary in the history of the United States, Bloomberg has reported. What Happened: Biden is considering Yellen, along with former Fed Vice Chair Roger Ferguson and...

Oil's plunge, coupled with a nosedive in U.S. stock futures and bond yields trading near the 0.3% level, represents "unchartered waters" and signals an "imminent recession," according to CNBC's Jim Cramer. Cramer Says Move Down 'Unprecedented' Cramer took to...

The week is off to a stomach-churning start as major indices got pounded Monday by growing coronavirus concerns. While China appears to be buttoning things up, it’s the spread of the illness to other countries that really appeared to get investors’ attention. Virus cases surged in Iran...

The Federal Reserve this afternoon gave the market what it expected by standing pat on interest rates. That left investors and traders to delve into the language of the central bank’s accompanying press release and comments from Chairman Jerome Powell.  In its unanimous decision to leave...

There’s a lot going on as 2020 kicks off with an escalating geopolitical risk that was on very few strategists’ minds when blasting out their yearly outlook just weeks ago. It’s a nice reminder that predicting markets is a largely futile effort, much less over a 12-month span....

There is a good bit of irony coming into today's Federal Reserve decision. At the time of the last two FOMC meetings in which rates were lowered, the U.S. economic situation was one of stability and obvious strength relative to the rest of the world. The reason for cuts, we were told, was a...

In 2008, the Treasury Department's Office of Foreign Assets Control (OFAC) issued "guidance" that precludes U.S. companies and individuals from conducting business with entities that are owned 50% by a sanctioned party.  Specifically, these sanctioned parties have been placed on OFAC's Specially...