Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC. Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds….
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States…
By Davide Barbuscia NEW YORK (Reuters) – The yield on the benchmark U.S. Treasury bond has fallen dramatically since President Donald Trump took office in January. But one measure of risk embedded in that number has remained positive, in a sign of investor nervousness. The term premium, a component of yields, is a measure of…
By Dhara Ranasinghe, Alun John and Samuel Indyk LONDON (Reuters) – Global growth concerns have shot back onto the radar of financial markets as weakening U.S. economic data and growing trade tensions hurt consumer confidence and business activity. Although recession is not the base-case scenario for economists, given underlying U.S. resilience, recent data has unnerved…
SINGAPORE (Reuters) – U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. He also said he will announce reciprocal tariffs on Tuesday or Wednesday. Shares of steelmakers in Asia mostly fell on Monday, save for those…
By Brigid Riley TOKYO (Reuters) – The U.S. dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields even as market players bet the U.S. Federal Reserve will cut interest rates next week. The Aussie dollar surged after Australian employment…
A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest rate cuts this week, with China’s markets giving only a hesitant welcome to Beijing’s new policy orientation. As Treasury debt…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors hoping that Nvidia’s eagerly-awaited earnings after the U.S. close on Wednesday would inject renewed vigor into world markets will be disappointed, heralding the prospect of a lukewarm open in Asia on Thursday. Wall Street spent all day Wednesday firmly in…
Over the last two years, Warren Buffett has been sending Wall Street a message loud and clear – without saying a word. His approach is more cautious than ever and Berkshire Hathaway’s eye-popping $325 billion cash stockpile is the outcome of his latest strategy. While investors have long emulated Buffett’s moves, his latest decisions have…
The Biden administration said on Monday it is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The rules, which were proposed in June by the U.S. Treasury, were directed by an executive order signed by President Joe Biden in August 2023…