HSBC on Thursday announced it has successfully used quantum computing in a trial to optimize bond trading, making it the first in the world to prove the value of the powerful emerging technology in the financial services industry. Working with IBM, the bank used a combination of classical computing and the tech giant’s Heron quantum…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
The Hong Kong government announced plans for regular digital bond issuances as part of its digital assets Policy 2.0 statement in June. To date it has issued a tokenized green bond in 2023 and a far larger natively digital green bond issuance in 2024 of more than $750 million. According to Bloomberg, it has now…
Long-term borrowing costs in the UK reached their highest level since 1998 on Tuesday, as concerns over the country’s economic outlook combined with a global move higher in bond yields. In a move that adds to pressure on chancellor Rachel Reeves ahead of her Autumn Budget, the yield on the 30-year gilt rose 0.03 percentage…
The S&P 500 made a fresh record high on Wednesday, but the rally is likely to be on pause later today. US futures point to a tepid open later today, and the FTSE 100 has opened up marginally higher. Global stocks have had a strong August so far, led by US indices, and markets are…
NVIDIA CEO believes US tech companies will survive tariffs In an interview with USA TODAY, Jensen Huang, CEO of the world’s most valuable company NVIDIA, discussed President Trump’s tariffs and manufacturing. Nvidia (NVDA) is slated to report its second-quarter earnings after the bell on Wednesday, Aug. 27, roughly two weeks after the company agreed to…
U.S. Treasury yields were little changed on Wednesday as investors looked ahead to a raft of economic data for the week, including a key inflation reading. At 4:35 a.m. ET, the 10-year Treasury yield was less than a basis point higher to 4.259%, while the 2-year yield was also higher by less than one basis point at…
Treasury yields inched higher as investors continue to digest Federal Reserve Chair Jerome Powell’s speech last Friday and look toward key inflation data due later in the week. The 10-year Treasury yield rose about 1 basis point to 4.269% as of 2.55 a.m. ET. The 2-year yield was over 2 basis points higher at 3.713%. One basis point…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025. Aaron Schwartz – Pa Images | Pa Images | Getty Images U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking…
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The S&P 500 remains near its high, however, and is banking on a cut. While a 0.25% cut remains the most likely outcome, it no longer looks guaranteed. Globally, European and Asian…