Rolling coverage of the latest economic and financial news
US bond prices are falling after Jerome Powell said the Fed should take a prudent approach when deciding when to start cutting interest rates.
This has pushed up the yield (the rate of return) on US 10-year Treasury bonds by 5 basis points to 4.08%, from 4.03% on Friday night, while shorter-dated tw0-year Treasuries are 7 basis points higher at 4.44%.
The confirmation that he [Powell] wasn’t going to use the broadcast for a big dovish turnaround has caused 2yr and 10yr treasuries to back up 4-5bps overnight, adding to Friday’s big climb.
Most German exports went to the United States in December 2023.
After calendar and seasonally adjusted adjustments, 5.5% fewer goods were exported there than in November 2023. This means that exports to the United States fell to a value of 12.7 billion euros.
Continue reading…Rolling coverage of the latest economic and financial newsUS bond prices are falling after Jerome Powell said the Fed should take a prudent approach when deciding when to start cutting interest rates.This has pushed up the yield (the rate of return) on US 10-year Treasury bonds by 5 basis points to 4.08%, from 4.03% on Friday night, while shorter-dated tw0-year Treasuries are 7 basis points higher at 4.44%.The confirmation that he [Powell] wasn’t going to use the broadcast for a big dovish turnaround has caused 2yr and 10yr treasuries to back up 4-5bps overnight, adding to Friday’s big climb.Most German exports went to the United States in December 2023.After calendar and seasonally adjusted adjustments, 5.5% fewer goods were exported there than in November 2023. This means that exports to the United States fell to a value of 12.7 billion euros. Continue reading…
