Forex Market

U.S. Treasury yields jumped on Tuesday. Today’s session has pushed the 10 year Treasury note back to its highest level since June.The 10-year U.S. Treasury yield rose, surpassing the 1.6% level. The yield on the benchmark note added 5.7 basis points at 1.641% level. Yields on 30-year Treasury bonds also …

U. S. President Joe Biden’s $1.9 trillion American Rescue Plan contributes to high inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid …

Federal Reserve Governor Michelle Bowman said on Tuesday that the US may see inflation lasting longer than expected a few months ago.Bowman did not comment on her outlook for monetary policy in remarks prepared for a virtual event hosted by the Richmond Fed.However, she noted the obstacles making it difficult …

ECB chief economist Philip Lane said on Tuesday that it is challenging to reconcile the market rate pricing with forward guidance.According to Lane, market expectations for future interest rates do not square with the European Central Bank’s guidance for no hike until inflation is seen stably at 2%.“When you look …

Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose, Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to …

US shares have undergone mixed performance, and tended to rise with the beginning of Monday’s trading session, attempting to overcome the impact of U. S. and Chinese data that cast negative shadows across the global markets after a decline in the growth of the second largest economy in the world.Economic …

EUR/USD has advanced during the New York trading session, up 0.07%, trading at 1.1610. During the session, market sentiment conditions improved despite a weaker than expected third quarter China’s GDP for the third quarter rose by 4.9% (YoY), lower than the 5.0% expected, which trailed the 7.9% increase of the …

Treasury Secretary Janet Yellen in a letter to Congress said that the Treasury must use extraordinary measures before 3 December 3 to meet all its obligations. She urges a long term debt ceiling increase.Yellen said the extended debt issuance suspension period would mean that Treasury would continue its suspensions of …

Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by …

Later Monday, the European Commission will officially start consultation and discussion on whether and how to reform the Eurozone’s fiscal rules.Over the past 20 years the Stability and Growth Pact (SGP) has been one of the most contentious pillars of the monetary union. Despite all current shortages in the global …