The United States Securities and Exchange Commission (SEC) has on Wednesday identified climate change, financial technology (FinTech), and conflicts of interest as the priorities of its Division of Examinations this year. The examinations division revealed in its annual priorities that climate-related risks, meaning environmental, social, and governance (ESG) risks, as …

Mortgage rates in the United States saw their biggest increase in about a year last week, reaching their their highest level since July 2020, amid a surge in U.S. Treasury bond yields, Reuters reported. The contract rate on a 30-year fixed-rate mortgage leveled up by 0.15% to 3.23% in the …

The United States services sector Purchasing Managers’ Index (PMI) declined by 3.4% to 55.3% in February, down from the January reading of 58.7%, data by the Institute for Supply Management (ISM) showed on Wednesday. The reading signaled the ninth consecutive month of expansion in the economic activity of the sector. The …

The United States services sector’s business activity index rose in February, recording its fastest expansion since July 2014, according to data by IHS Markit The seasonally adjusted final US services purchasing managers index (PMI) increased to 59.8 in February, up from 58.3 in January. The final reading for last month …

The United States is debating the $1.9 trillion stimulus package, as proposed by President Joe Biden, after the House of Representatives passed the relief bill. Democrats are expected to pass the “American Rescue Plan” bill through the reconciliation option, which allows approving the bill with a simple majority without any …

Federal Reserve Governor Lael Brainard said on Tuesday that she is paying close attention to market developments, referring to last week’s surge in U.S. Treasury yields to their highest level in about a year. “Some of those moves last week and the speed of the moves caught my eye.”“I would …

The President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that rising Treasury yields are worth monitoring by the central bank but should not lead to a change in the Fed’s policies. Daly noted that changes in equity markets sometimes run counter to the real …

The main indices of the New York Stock Exchange (NYSE) finished Tuesday lower, despite U.S. Treasury yields continuing to decline from their record levels, with Wall Street investors anticipating the passing of the $1.9 trillion stimulus package by the Senate. The market’s decline was led by the losses of the …

Treasury yields in the United States continued to decline on Tuesday for the third consecutive session, as remarks by Federal Reserve officials highlighted the focus on the bond market. The benchmark 10-year Treasury bond yield decreased by 3.1 basis points to 1.413%. Return on the 30-year bond fell by 0.5 …

Crude oil inventories in the United States increased by about 7.4 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday. Gasoline inventories declined by 9.9 million barrels, while distillate stockpiles fell by 9.1 million barrels. Earlier today, Brent crude futures for May delivery fell …