US government-bond yields rose Friday morning after fresh labuor market related data for September showed slight opportunity of any serious economic slowdown. Treasury yields spiked, with the benchmark 10-year note topping 3.8% and the rate-sensitive 2-year yield at nearly 4.3%.The Labour Department’s latest data showed the unemployment rate dropping to …
Read More »US Treasury yields continue climbing
US Treasury yields continue to rise, boosted by the latest interest rate hike expectations. Treasury yields rose to 3.799% from the previous daily close at 3.575%.A report issued Thursday by the Economist’s Research and Analysis Unit said that the institution “expects further rate hikes by the Fed in November and …
Read More »Fed’s Williams: Fed still has a way to go
New York Fed President John C. Williams, on Monday, said that the Fed still has a way to go, cites 4.6% median `23 dot.In earlier comments, Williams pointed to three layers of inflation, comparing it to an onion. “The outer layer consist of prices of globally traded commodities such as …
Read More »Gold is nearing its worst quarterly drop in 18 months due to higher interest rates
Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …
Read More »Could gold restore safe have status?
The gold price has started to find support and is back to trading near flat on the day at around $1,660.50, at the time of writing, efficiently escaping the earlier $1,641.57 low to the day’s high of $1,664.89. The US dollar continued to ease and spared its domination over rival …
Read More »US stocks rise as US, UK yields fall after BoE intervention
On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.On Tuesday, …
Read More »Gold prices fell near their lowest level in two and a half years, as the dollar rose
Gold prices settled near their lowest level in two and a half years today, Monday, affected by the rise in the dollar and with the adoption of a tough stance by major central banks on interest rates to reduce inflation. And the price of gold in spot transactions fell 0.3% …
Read More »Could gold deteriorate further below $1640?
Gold price stumbled to thirty month low at $1638.90 on Friday before it turned back to trade at $1643 per ounce at the time of writing versus Thursday’s closing price at $1670.95. Volatility in the markets and dramatic FX plays did not leave gold untouched as the precious metal fell …
Read More »Market Drivers – US Session 21/09/2022
The dollar solidified its gains after the Fed triggered volatility and sour market sentiment across the board. As anticipated, the US central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to the 2% target. US Treasury yields soared. The …
Read More »Market Drivers – US Session 20/09/2022
The American dollar advanced on Tuesday amid prevalent risk aversion. US government bond yields soared to support the dollar’s performance all day long, as the 2-year Treasury yield touched its highest in fifteen years ahead of the Fed’s policy decision.The yield on the 10-year Treasury note is now at 3.56% …
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