Tag: Money Markets
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U.S. yields rise after Fed’s Powell reiterates more 2023 rate hikes are likely
[ad_1] Two-month through 30-year Treasury yields rose Wednesday morning, after Federal Reserve Chairman Jerome Powell reiterated in written testimony to Congress that more interest rate hikes are likely to be on the way this year. What’s happening? The yield on the 2-year Treasury note TMUBMUSD02Y, 4.751% was 4.739%, up from 4.695% on Tuesday. The 10-year…
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30-year Treasury rate falls to five-week low, with Fed speakers ahead
[ad_1] Treasury yields fell on Tuesday, pushing the 30-year rate to its lowest level in about five weeks, as traders geared up for a big week of commentary by Federal Reserve policy makers. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.699% declined 2.5 basis points to 4.695% from 4.720% on Friday. The yield…
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‘Confused’ markets get another chance to hear Fed’s Powell ‘flesh things out’
[ad_1] Federal Reserve Chairman Jerome Powell ahead of last year’s semi-annual testimony to the House Financial Services Committee in Washington, D.C. This year’s testimony is set to begin on Wednesday. Win McNamee/Getty Images Financial markets will get another opportunity to absorb the prospect of further interest rate hikes this year when Federal Reserve Chairman Jerome…
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Two-year Treasury yield at three-month high after Fed sees more 2023 rate hikes
[ad_1] The 2-year Treasury yield carved out another three-month high on Wednesday after Federal Reserve officials indicated more rate hikes are likely on the way for later this year. What happened What drove markets Projections released on Wednesday showed that the median estimate of policy makers for the fed funds rate by year-end is 5.6%,…
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What bull market for stocks? Investors are still sitting on a record pile of cash.
[ad_1] Even with U.S. stocks in a new bull market, investors aren’t showing many signs of backing away from money-market funds and other cash-like investments offering yields of about 5%, the highest in about 15 years. Money-market funds hit a record of $5.9 trillion in assets as of Tuesday, signaling a continuing drain out of…
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Don’t bet on a ‘June Swoon.’ Here’s what the data show.
[ad_1] There is no such thing as a “June Swoon” on Wall Street. Those who are predicting one—and there are many—reveal more about themselves than the stock market. The belief in fictional phenomena such as the June Swoon illustrates once again why investor sentiment plays such a powerful role in the markets, and why contrarian…
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The debt-ceiling deal may spark a new worry: Who will buy the deluge of Treasury bills?
[ad_1] Now that the U.S. debt-ceiling fight finally is resolved, the Treasury is expected to unleash a flood of bill issuance to help refill its coffers run low by the protracted standoff in Washington, D.C., over the government’s borrowing limit. The question is, who will buy them and at what price? Treasury bills are debt…
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Stock, bonds, or cash? Here’s investors’ best playbook for the debt ceiling, Fed policy and recession risks
[ad_1] The bond market hasn’t been this popular for over a decade. For almost 15 years after the financial crisis of 2008, bond yields remained low and the U.S. stock market was much more appealing. That’s no longer the case. Treasury bills TMUBMUSD01Y, 5.246%, which are arguably the safest debt, are now offering yields well…