The Canadian dollar edged lower
against its U.S. counterpart on Thursday as a move higher in oil
prices was offset by domestic data showing that retail sales
growth stalled in March, but the currency ...
World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth.
World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth.
U.S. 10-year Treasury yield fell to its lowest level since April after Federal Reserve minutes suggested the Fed could pause once the policy rate is back to its neutral level. "It signals that the Fed could be open to a pause at the September meeting as Atlanta Fed President Bostic suggested," MUFG analysts said.
A look at the day ahead in markets from Sujata Rao. Minutes from the Fed's last meeting indicated the U.S. central bank is not yet contemplating bigger, 75 basis-point rate rises. The implied yield on the eurodollar futures June 2023 contract -- essentially where markets see interest rates to be at that point -- is down some 60 basis points this month.
(Corrects para 2 to show June implied yield is down 60 bps and Sept yield below 3% first time since March. The implied yield on the eurodollar futures June 2023 contract -- essentially where markets see interest rates to be at that point -- is down some 60 basis points this month. JPMorgan notes too that global inflation slowed in April to half the 1.2% month-on-month record set in March.
Japanese government bond yields rose on Thursday, with the yield curve steepening at the longer end, even as investors witnessed a strong outcome of an auction for 40-year notes. The 10-year JGB yield rose 2.5 basis points to 0.230%, rebounding from a one and a half months low it marked in the previous session.
World stock markets broadly stabilised on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of rate hikes on economic growth.
Gold prices were flat on Thursday,
restrained by rising Treasury yields, after its appeal was
somewhat restored by minutes from a U.S. Federal Reserve policy
meet that showed the central bank was ...
Benchmark U.S. Treasury yields
were little changed on Wednesday after minutes from the Federal
Reserve showed policymakers agreed to hike interest rates by a
half-percentage point to combat inflation ...
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