10-year Treasury yield amid economic data, Fed speeches

The yield on the benchmark 10-year Treasury note climbed on Tuesday as investors awaited a fresh batch of economic data and watched for clues on the path of monetary policy. The yield on the 10-year Treasury note last traded up 4 basis points to 2.9240%, while the yield on the 30-year Treasury bond rose 4 … Read more

SoftBank Vision Fund posts record $ 27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro Takahashi | Bloomberg | Getty … Read more

Treasury prices slip as investors pile back into stocks

US Treasury prices slipped on Friday and yields jumped as investors sold out of government bonds and looked to move back into stock markets. The yield on the benchmark 10-year Treasury note surged 11 basis points to 2,929%. The yield on the 30-year Treasury bond climbed 12 basis points to 3,092%. Yields move inversely to … Read more

Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation – at the risk of quashing growth as the global economy suffers concurrent hits from … Read more

Do not panic? Strategists give reasons to stay invested despite market turmoil

Global stocks have endured a bruising week, and a difficult year so far, but some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation. The S&P 500 closed Monday’s trade down more than 16% since the beginning of the year, and almost 12% in the second quarter alone. The … Read more

Top CEOs fear worst in Europe

Top European CEOs are fearing a euro zone recession as a confluence of economic shocks continues to threaten the outlook for the bloc. Alex Kraus | Bloomberg | Getty Images LONDON – The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe. … Read more

British pound plummets as Bank of England warns of recession risk

Sterling hit its lowest level since Jul. 1, 2020. Matt Cardy | Getty Images The British pound on Thursday was set for its largest daily drop since the onset of the coronavirus pandemic, after the Bank of England warned of a sharp growth slowdown in the UK economy. Sterling hit a low of 1.2393 against … Read more

Bank of England hikes interest rates in bid to fight soaring inflation

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at … Read more

Australia’s interest rate decision May 2022

Australia’s consumer price index jumped 2.1% for the first quarter in 2022, with prices of food, petrol and other consumer goods all surging. Ian Waldie | Bloomberg | Getty Images Australia hiked its interest rate for the first time in more than a decade, a widely expected move as consumer prices surge. Its central bank … Read more

Russia cuts key interest rate to 14%, says inflation could hit 23% this year

Russia’s President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky \ TASS via Getty Images However, with the ruble now returning to pre-war levels, policymakers are turning their attention to recalibrating the economy in an effort to absorb the impact of punitive sanctions from international powers. “The external environment for the … Read more