September 15, 2020
“What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.681% rose 1.2 basis points to 0.681%, while the 2-year note rate TMUBMUSD02Y, 0.137% was steady at 0.139%. The 30-year bond yield TMUBMUSD30Y, 1.425% added 2.1 basis points to 1.429%. Bond prices move in the opposite direction of yields.… Continue Reading…
September 8, 2020
“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…
September 5, 2020
“U.S. Treasury yields shot higher on Friday, propelled by a drop in the August unemployment rate and ahead of a big burst of supply next week. The benchmark 10-year yield was last up 9.1 basis points at 0.7131%. The U.S.… Continue Reading…
August 4, 2020
“American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest. The sale of the Fortitude Group… Continue Reading…
August 3, 2020
“Gold prices are steady to slightly higher in early U.S. trading Monday but did hit another record high of $1,997.00, basis October Comex futures. Silver prices are also firmer. Same story: Good safe-haven demand and bullish charts are keeping buying interest… Continue Reading…
July 28, 2020
“The Federal Reserve said Tuesday it is extending its menu of lending programs to businesses, governments and individuals to the end of 2020. Originally set to expire Sept. 30, the myriad facilities, stretching from credit to small businesses up to… Continue Reading…
July 21, 2020
“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 42 cents, adjusted, vs. 40 cents expected Revenue: $7.2 billion vs. $7.2 billion expected Coke reported fiscal… Continue Reading…
July 17, 2020
“SoftBank Group Corp. quietly sold an additional $2.2 billion of its stake in Alibaba Group Holding Ltd. as part of the Japanese conglomerate’s fund-raising effort to pay down debt and buy back its own shares. The deal, which includes a… Continue Reading…
June 19, 2020
“The Federal Reserve’s assets shrank this week for the first time since February, reflecting a sharp drop in currency swaps with foreign central banks and a continued slackening in demand for other emergency credit facilities. The Fed’s balance sheet –… Continue Reading…
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