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US bond yields

US yields slide ahead of non-farm payrolls report

US yields slide ahead of non-farm payrolls report

  • "The growth story is leading to inflation, while the Federal Reserve is jawboning, trying to keep expectations down, which I think is the right thing to do."
  • In mid-morning trading, the US 10-year Treasury yield fell to 1.559% on Thursday, from 1.584% late on Wednesday.
Published 06 May, 2021 08:08pm
Dollar dips before inflation data, Treasury supply
Markets

Dollar dips before inflation data, Treasury supply

  • The dollar's performance has been tied to US Treasury yields for most of 2021, after concern about rising inflation in the United States and a stimulus-fuelled economic rebound triggered a jump in Treasury yields.
  • The dollar index was last down 0.11% against a basket of currencies at 92.108. It is holding above a three-week low of 91.995 reached on Thursday.
Published 12 Apr, 2021 08:50pm
US money market funds see heavy inflows for second week: Lipper
Markets

US money market funds see heavy inflows for second week: Lipper

  • The prospect of losses for US banks, following hedge fund Archegos Capital's default on margin calls, also had market participants concerned.
  • US money market funds received a net $50.35 billion in the week to March 31, after an over $60 billion inflow in the previous week, data from Refinitiv Lipper showed.
Published 05 Apr, 2021 05:31pm
South African rand retreats from post-Fed rally, stocks edge up
Markets

South African rand retreats from post-Fed rally, stocks edge up

  • The SARB has most likely reached the end of its lowering cycle and will start moving towards a hiking cycle, albeit only from next year onwards.
  • The slow vaccination roll-out programme, which raises the concern of a third wave of Covid-19 infections, and more intensive electricity outages remain the biggest downside risk to the economy over the short term.
Published 18 Mar, 2021 09:52pm
Turkish cenbank hikes rates more than expected to 19pc
Business & Finance

Turkish cenbank hikes rates more than expected to 19pc

  • The key one-week repo rate is the highest of any big economy and it is back to levels last touched in mid-2019. It had stood at 17% since December after aggressive monetary tightening last year.
  • The central bank has now tightened policy by 875 basis points since Erdogan appointed Agbal in November, when the lira touched a record low. It had rallied 20% after the appointment.
Published 18 Mar, 2021 06:12pm
Indian shares slump as COVID-19 cases rise again; Reliance top drag
Markets

Indian shares slump as COVID-19 cases rise again; Reliance top drag

  • The blue chip NSE Nifty 50 index closed 1.27% lower at 14,721.30, while the benchmark S&P BSE Sensex fell 1.12% to end at 49,801.62. Both indexes have now posted four straight sessions of losses.
  • A rise in US bond yields has also limited gains for Nifty and Sensex this month to about 3%, versus a 6.6% jump in February.
Published 17 Mar, 2021 05:08pm
US equity funds see big jump in inflows on stimulus boost, Lipper says
Markets

US equity funds see big jump in inflows on stimulus boost, Lipper says

  • Investors purchased a net $15.3 billion worth of US equity funds in the week to March 10, compared with just $944 million a week before, data from Refinitiv Lipper showed.
  • Among equity funds, energy sector funds enjoyed the biggest inflow at $1.1 billion, boosted by higher energy prices. It was the fifth consecutive weekly inflow.
Updated 12 Mar, 2021 08:05pm
Copper prices surge
Markets

Copper prices surge

LONDON: Copper prices rose on Wednesday as traders hoped a pullback from 10-year highs had run its course and the...
Published 11 Mar, 2021 05:25am
Nasdaq jumps at open as tech stocks gain ground
Markets

Nasdaq jumps at open as tech stocks gain ground

  • The Nasdaq Composite rose 313.9 points, or 2.49% to 12923.071 at the opening bell. The Dow Jones Industrial Average rose 89.9 points, or 0.28%, to 31892.35, while S&P 500 rose 30.6 points, or 0.80%, at the open to 3851.93.
Published 09 Mar, 2021 09:07pm
Raw sugar recovers
Markets

Raw sugar recovers

LONDON: Raw sugar prices on ICE recovered on Thursday after hitting a one-month low as the dollar held strong and...
Published 05 Mar, 2021 05:17am