U.S. government bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package. In recent trading, the yield on the benchmark 10- year U.S. Treasury note was 0.801%, according to Tradeweb, compared with 0.796% Tuesday.
Determining when the Federal Reserve will raise interest rates from near zero levels will depend on the pace of the economic recovery and how long it takes the central bank to reach its 2% inflation target on a year-over-year basis, Federal Reserve Vice Chair Richard Clarida said on Monday.
Companies have pulled back from the frenetic pace of corporate-bond issuance earlier this year, and that could support further gains for high-grade debt investors. Markets this year have soaked up a record-breaking wave of new bond sales from companies looking to amass cash to get through the economic disruptions caused by the Covid-induced crisis and resulting coronavirus-fighting lockdowns. So far in 2020, Europe has seen $525 billion of new debt deals and the U.S. has...
No single digital currency will dominate global transactions if central banks strive to enhance their own settlement systems, a senior Bank of Japan official said, brushing aside fears China's rapid progress on a digital yuan could upend markets.
The Federal Reserve moved quickly and broadly to address broad based selling of Treasury securities and other assets that caused notable dislocations in markets, a senior New York Fed official said on Wednesday.
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.
PDF’s require Adobe® Reader® and will open in a new window.
