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Banking

“Biggest Treasury Buyer Outside U.S. Quietly Selling Billions”

“…Japanese institutional managers — known for their legendary U.S. debt buying sprees in recent decades — are now fueling the great bond selloff just as the Federal Reserve pares its $9 trillion balance sheet. The latest data from BMO Capital… Continue Reading…

Economy

“10-year Treasury yield tops 2% for the first time since 2019 after hot inflation report”

“U.S. Treasury yields climbed on Thursday, with the benchmark 10-year rate breaching the 2% level, after key inflation data showed hotter-than-expected price pressures. The yield on the 10-year Treasury note jumped 6 basis points to hit a session high of 2%, the… Continue Reading…

Banking

“Bank of England Will Fail To Pay Dividend To Treasury”

“The Bank of England will fail to pay a dividend to the Treasury this year for the first time in living memory after struggling to break even, posing a risk to its independence. Minutes of the February meeting of the… Continue Reading…

Banking, Economy

“Positive Job Growth In March: High Treasury Yields Continue”

“U.S. Treasury yields were slightly higher on Friday morning, following a better-than-expected March jobs report. The yield on the benchmark 10-year Treasury note climbed to 1.688% at 8:32 a.m. ET. The yield on the 30-year Treasury bond rose to 2.341%. Yields move inversely to… Continue Reading…

Banking, Economy, Investing

“Short-Term Treasury Yields Could Go Negative. Here’s What That Means for Investors.”

“Yields on some Treasury bills—short-term securities that mature in a year or less—could temporarily turn negative because of a coming supply crunch, experts say. While they won’t be auctioned by the U.S. at rates below zero, as auction rules prevent that, bills… Continue Reading…

Banking, Economy

“U.S. Treasury yields rise after strong China economic data”

“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…

Banking, Economy

“10-year Treasury yield erases recent gains as S&P 500 books near 6% loss”

“What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.767% slumped 9.3 basis points to 0.651%, its lowest since May 29, falling below where it traded before the release of Friday’s jobs report. The benchmark maturity saw its biggest daily drop since… Continue Reading…

Banking

“U.S. Treasury Expects to Borrow $4.5 Trillion in Fiscal Year as Stimulus Spending Soars”

“The U.S. government expects to borrow a record $4.5 trillion this fiscal year as it steps up spending to battle what is likely to be the deepest economic downturn since the Great Depression…” https://www.wsj.com/articles/u-s-treasury-expects-to-borrow-2-99-trillion-in-second-quarter-as-stimulus-spending-soars-11588619567

Banking

“Repo Market BREAKS As Dealers Run Out Of Securities To Use For Fed Funds”

“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…

Banking, Economy

“Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero”

“Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near-zero and as investors have flocked to the safety of fixed income amid… Continue Reading…