Sovereign and credit markets: yield curves, auctions, duration risk, spreads and the cost of money.
143 report(s) in the archive
A retail sales beat in the UK wasn't enough to offset concerns tied to the Strait of Hormuz, even as continental shares found support from post-Fed bond gains.
The FTSE 100 slipped on Hormuz-related concerns despite a UK retail sales beat, while broader European shares snapped a two-week losing streak on relief tied to the Fed's policy resolve, even as telecoms and energy names dragged on session-level moves.
Corporate treasuries added only 5,900 bitcoin over three months while ether and XRP funds kept bleeding money.
Bitcoin traded above $77,000 even though corporate treasury buying slowed to 5,900 bitcoin over the past three months and ether and XRP exchange-traded funds (ETFs) posted a third straight session of outflows.
The 25-basis-point hike sent the yen lower even as Asian equities and chip stocks tracked a Wall Street rally on falling bond yields.
The Bank of Japan raised its policy rate by 0.25 percentage points to 1.25%, the highest level in 31 years, but the yen fell rather than rose as investors focused on the outlook for further hikes.
The Dow climbed after the Federal Reserve's rate decision on September 17, even as the 10-year Treasury yield eased and oil slipped to $100 a barrel.
Stocks rose on September 17 even after the Federal Reserve raised rates, as the 10-year Treasury yield eased and oil fell to $100 a barrel.
Bitcoin and ether rose even as the Federal Reserve's rate increase left short-term Treasury yields flat and silver unchanged a day later.
Bitcoin and ethereum climbed in the session after the Federal Reserve raised interest rates, while U.S. short-term rates and silver held steady following Wednesday's yield surge.
Traders are holding positions steady in government debt markets as they wait for the US central bank's rate call.
Euro zone government bond yields remained near multi-year peaks as investors avoided large bets before the Federal Reserve's rate decision.
Bitcoin fell to $76,200 ahead of a Clarity Act vote and this week's Fed meeting, while long-term borrowing costs reached levels last seen before the financial crisis.
Treasury yields climbed to their highest since 2007 during the September 15 session, coinciding with rising oil prices and a bitcoin slide to $76,200 ahead of a pending Clarity Act vote and the Federal Reserve's meeting.
Two unrelated issuers priced large debt offerings within the same session, pointing to still-open credit markets for investment-grade names.
IQVIA priced a $2 billion senior notes offering and Simon Property Group priced $800 million in senior notes, both signs that investment-grade borrowers can still raise large sums cheaply.
Rising Mideast war risk pushed bond yields higher and stocks lower even as the S&P 500 posted only a modest decline.
The Dow fell 500 points on September 8 as oil prices approached $100 a barrel amid the Iran war, while the S&P 500 posted a smaller, mixed decline.
A Treasury selldown and unwinding of yen-funded trades are pushing the Japanese currency higher, with some seeing more room to run.
The Japanese yen climbed to a six-month high against the dollar, driven by an unwind of carry trades and selling of U.S. Treasury holdings.
China is directing tens of billions of dollars into state-controlled banks and insurers, with two separate reports citing figures of $53 billion and $45 billion in new bond-funded support.
China is recapitalizing major banks and insurers using a bond-funded program, with the Financial Times citing a $53 billion injection and Investing.com citing $45 billion in bonds for the effort.
A Seeking Alpha analysis says the coming Federal Reserve decision faces unusually sharp internal disagreement over the path of interest rates.
The Federal Reserve is heading into its next policy vote with what one analysis calls its most divided committee in ten years.
The riskiest US corporate borrowers are paying the steepest premium over safe debt since last year's tariff-driven market meltdown.
Spreads on the lowest-rated US junk debt have climbed to their highest level since the sell-off that followed last year's tariff announcement, according to the Financial Times.
August payrolls data missed expectations at the same time a strong US jobs report pushed the dollar higher, widening the gap between the two currencies.
Canada's August jobs report showed a sharp slowdown that pushed bond yields lower on rate-cut bets while the Canadian dollar fell against a dollar strengthened by a robust US payrolls print.
Fed governor Christopher Waller's comments calmed bond markets even as long-term Treasury yields have been climbing for other reasons.
Asian equities gained as reduced bets on a Federal Reserve rate hike lifted technology shares, with investors now waiting on the US jobs report.
The Fed governor's remarks pushed bond yields even as a global rally in Treasuries continued into the September 3 session.
Fed Governor Christopher Waller said the safety premium investors once paid for holding U.S. Treasuries has disappeared, an argument that implies a higher neutral interest rate even as bonds extended a global rally.
Investors are pouring money into bond funds despite the yield rise, while strategists warn higher rates could pressure both mega-cap tech stocks and consumer wallets.
U.S. Treasury yields have risen enough to pressure the bond market broadly, yet money is still flowing into bond funds, and strategists warn the same rate move could squeeze both the Magnificent Seven stocks and household budgets.
A halt in the Treasury selloff gave equities room to climb in the September 2 session.
Equities advanced as the recent Treasury selloff paused, easing pressure on stock valuations tied to rising yields.
The move came as the G20 meeting wrapped up, while Berkshire Hathaway's Greg Abel said Japanese bond yields aren't worrying the conglomerate's Japanese trading-house holdings.
The yen jumped sharply after breaking above 160 per dollar, prompting speculation that Japanese authorities may step in to support the currency.
Elevated oil prices and rate-hike risk pushed long-term borrowing costs to a three-year high in the September 2 session.
The 10-year Treasury yield touched its highest level since 2023 as oil prices stayed elevated and investors priced in renewed risk of a rate hike.