Fixed Income News Results

  • Stocks Extend Weekly Winning Streak

    U.S. stocks clinched a third consecutive week of gains and are sitting within a hair of their records, as moderating tensions between the U.S. and China eased fears about a potential recession. Major indexes have rebounded after a volatile August that rattled share prices and government bond yields around the world. Despite a quiet session Friday, the Dow Jones Industrial Average and S&P 500 are within about 0.6% of their July highs.

  • Stocks Close Day Near Flat, As Dow Ekes Out Gain

    U.S. stocks paused Friday but headed toward a third consecutive week of gains and within a hair of their records. Easing tensions between the U.S. and China, alongside the prospect of looser monetary policy around the world, helped lift stocks this week, pushing major indexes back toward highs reached in July. The indexes have rebounded after a volatile August that rattled share prices and government bond yields around the world.

  • Treasury Yields Rise, Erasing Much of August Decline

    The whiplash seizing the Treasury market continued Friday as U.S. government bond prices headed for a fifth consecutive session of declines after the Commerce Department said that retail sales rose 0.4% last month. The better-than-expected economic news pushed yields on the 10- year bond as high as 1.869%, according to Tradeweb, up from 1.789% Thursday and 1.466% at the start of the month. Traders said they're selling Treasurys based on optimism about U.S. economic growth and a...

  • Treasury 10-Year Yields Rise on Trade Hopes -- Update

    Treasurys rose at the fastest pace in nearly three years, a sharp reversal from the start of the month when their rapid descent toward all-time lows stoked concern on the economic outlook. The yield on the benchmark 10- year U.S. note settled Thursday at 1.789%. That was up from 1.733% on Wednesday and a recent low of 1.456% on Sept. 4, marking the largest six-session increase since just after the U.S. election in 2016..

  • U.S. Government-Bond Yields Rise on Trade Hopes

    U.S. government-bond prices fell Thursday after a report that the Trump administration is considering an interim trade deal with China, reversing previous gains that came after the European Central Bank cut its key interest rate. In recent trading, the yield on the benchmark 10- year U.S. Treasury note was 1.754%, according to Tradeweb, compared with 1.733% Wednesday.

  • ECB Cuts Rates and Launches Sweeping Stimulus Package -- 2nd Update

    FRANKFURT-- The European Central Bank cut its key interest rate and launched a sweeping package of bond purchases Thursday that lays the ground work for what is likely to be a long period of ultraloose monetary policy, jolting European financial markets and triggering an immediate response from President Trump. The ECB's pre-emptive move was aimed at insulating the eurozone's wobbling economy from a global slowdown and trade tensions. It is the ECB's largest dose of monetary...

  • Mnuchin Says U.S. Looking Closely at Issuing 50-Year Bond

    The Treasury Department is "very seriously considering" issuing a 50- year Treasury bond next year, Treasury Secretary Steven Mnuchin said Thursday, as the Trump administration looks to take greater advantage of low interest rates to slow soaring borrowing costs. The Treasury said last month it was once again exploring the possibility of issuing debt with maturities beyond 30 years, after considering and then dropping the idea in 2017.. "We think there is some demand for it," Mr.

  • ECB Launches Major Stimulus Package, Cuts Key Rate

    FRANKFURT-- The European Central Bank cut its key interest rate and launched a sweeping package of bond purchases Thursday that commits the bank to ultraloose monetary policy for a long period, jolting European financial markets and triggering an immediate response from President Trump. The ECB's pre-emptive move aimed at insulating the eurozone's wobbling economy from a global slowdown and trade tensions. It is the ECB's largest dose of monetary stimulus in 3 1/ 2 years and a...

  • Global Stocks Rise After ECB Stimulus Package

    --ECB cuts rates, plans new quantitative easing. Global stocks climbed after the European Central Bank announced a sweeping stimulus package, with an interest-rate cut and a large bond-buying program aimed at cushioning the eurozone from a global slowdown. The central bank cut the key deposit rate by 10 basis points to minus 0.5% and said it would begin EUR20 billion a month of asset purchases, an action commonly known as quantitative easing, starting Nov. 1..

  • Stocks Hold Firm Ahead of ECB Decision

    Global stocks wavered ahead of expected stimulus from the European Central Bank, though Asian shares got a boost after the White House delayed extra tariffs on Chinese imports. With trade talks due to be held in Washington next month between the U.S. and China, President Trump postponed new tariffs on $250 billion in goods that were due to take effect on Oct. 1 by two weeks, a conciliatory gesture that could point to easing tensions. Futures on the Dow Jones Industrial Average were up...

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.