Market Update

Most Treasury yields slipped on Monday, as buyers returned to government debt following last week’s brutal selloff. Meanwhile, one part of the yield curve inverted for the first time in more than half a decade.The yield on the 10-year Treasury note TMUBMUSD10Y, 2.465% traded at 2.427%, down from 2.491% at …

Consumers and businesses will come under severe pressure from cost of living squeeze, according to BoE governor Andrew Bailey says: ‘The shock from energy prices this year will be larger than any single year in the 1970s”, Bailey added. Britain’s economy is expected to suffer a growth slowdown amid the …

US equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. …

A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the US being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it …

The recipe behind the Russian ruble’s rebound was based upon limiting selling and forcing buying. This is exactly how Russia has manufactured demand for its beleaguered currency. The consequences of harsh economic sanctions against Russia are felt all over the globe. Hence, lies the importance exploring what happened so far …

The sterling begins the trading week down by 100-pips amid broad US dollar strength in the financial markets, courtesy of higher yields as market players expect a 50 bps increase to the Federal Funds Rate (FFR) by the US central bank. The market sentiment is mixed as European shares rise, …

The U.S., Europe and Japan have called on oil-producing nations to do more to tackle record-high prices amid the war in Ukraine and ongoing supply shortages. On Monday, OPEC+ group was reportedly expected to stick to the May oil output plan increase plan at the March 31 meeting as several …

The international trade deficit of the US declined by $1 billion in February to $106.6 billion from $107.6 billion in January, the US Census Bureau reported on Monday. “Exports of goods for February were $157.2 billion, $1.9 billion more than January exports,” the press release further read. “Imports of goods …

The Japanese yen fell on Monday to its lowest level in six years against the dollar and is on track to record its largest daily loss since March 2020, after the Bank of Japan moved to contain rising bond yields even as US Treasury yields rose to new highs not …

European stock markets indices rose on Monday, boosted by banks and insurance companies, which are strongly affected by interest rate movements, as government bond yields continued to rise, while the atmosphere also improved with hopes of a peace agreement to end the Ukraine crisis. The pan-European Stoxx 600 index rose …