The benchmark 10-year U.S. Treasury yield dropped to its lowest in a month on Wednesday ahead of the release of closely watched U.S. inflation data. The 10-year Treasury yield dropped to as low as 4.418%, its lowest since April 10, and was last down 2 basis points at 4.424%. U.S. consumer price data is due at 1230 GMT and will drive near-term Federal Reserve policy, and hence Treasuries.
On Monday, UBS adjusted its stance on the Swedish Krona (SEK), adopting a moderately bearish outlook following the Riksbank's recent decision to lower interest rates. The bank has...
-- Most Asian currencies rose slightly on Wednesday, retaking some ground against a weaker dollar as markets awaited more cues on interest rates from key U.S....
- The foreign exchange market appears to be turning bearish on the U.S. dollar, according to Bank of America Securities, suggesting the EUR/USD pair is on the verge...
- The U.S. dollar usually enjoys the month of May, according to analysis from UBS, but this year seems to be different. “May has historically been a positive month...
Stocks (^GSPC, ^IXIC, ^DJI) have been on the rise as first quarter earnings boost market sentiment. Sectors such as utilities (XLU), energy (XLE), and technology (XLK), have emerged as the driving forces behind these market gains. However, the question arises: can this momentum be sustained? The Japanese yen (6J=F) has witnessed a resurgence thanks to the likely intervention of the Bank of Japan. This move by the central bank is aimed at strengthening the yen, but it raises questions about the potential implications for global markets. Additionally, a notable theme emerges: sectors and industries starting with the letter 'R' – rates, regionals, retail, and more – seem to be lagging behind their counterparts. This begs the question: what underlying factors are contributing to the underperformance of these 'R' names? Yahoo Finance's Jared Blikre is joined by Evercore ISI Head of Technical Analysis Rich Ross and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the catalysts propelling market gains, the historical implications of the suspected yen intervention for investors, interest rate-sensitive sectors, and more. This post was written by Angel Smith
- The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At...
Flows in the bond proxy suggest CPI won’t disappoint.
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