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US Treasury yields

Gold down in Europe
Markets

Gold down in Europe

ROTTERDAM/LONDON: Gold prices inched lower on Friday as a rebound in US Treasury yields and a stronger dollar ...
Published 20 Mar, 2021 04:39am
Yields retreat from more than one-year highs
Markets

Yields retreat from more than one-year highs

  • The 30-year bond yield also eased after reaching 2.518% on Thursday, its highest since August 2019. It was last less than a basis point lower at 2.4685%.
  • "Ultimately, what we're seeing now is a great deal of tension between market prices that embed several rate hikes before the end of 2023 and the Fed's forecast that doesn't expect liftoff until 2024," he said.
Published 19 Mar, 2021 09:42pm
Indian shares end higher in volatile trade; Future Group firms slide
Markets

Indian shares end higher in volatile trade; Future Group firms slide

  • The blue-chip NSE Nifty 50 index ended up 1.28% at 14,744 and the benchmark S&P BSE Sensex rose 1.3% to 49,858.24. Earlier in the session, the Sensex and Nifty shed up to 1.43% and 1.28%, respectively.
  • Sentiments in the short-term, however, are weak due to a rise in COVID-19 cases and volatility in bond yields, Sharma said.
Updated 19 Mar, 2021 06:10pm
Gold sheds gains in Asia
Markets

Gold sheds gains in Asia

SINGAPORE: Gold prices erased early gains in Asian trade on Monday as hopes of a faster economic recovery got a ...
Published 16 Mar, 2021 04:43am
Gold rises in Europe
Markets

Gold rises in Europe

ROTTERDAM/LONDON: Gold prices ticked up on Monday as US Treasury yields backed off recent highs, countering pressure...
Published 16 Mar, 2021 04:43am
US MIDDAY: Gold edges up
Markets

US MIDDAY: Gold edges up

NEW YORK: Gold prices rose on Monday as US Treasury yields backed off recent highs and investors awaited cues from...
Published 16 Mar, 2021 04:43am
South Africa's rand firms as focus turns to Fed meeting
Markets

South Africa's rand firms as focus turns to Fed meeting

  • The rand had earlier in the session struggled to make meaningful gains as scheduled power outages by state utility Eskom dragged into their sixth day and weighed on sentiment.
  • Eskom said on Monday that it aimed to get its power plant performance to "acceptable levels" by late 2021.
Updated 15 Mar, 2021 09:26pm
Yields fall ahead of Fed meeting, auctions
Markets

Yields fall ahead of Fed meeting, auctions

  • The benchmark 10-year yield, which reached 1.642% on Friday, its highest level since February 2020, was last down 3 basis points at 1.6055%.
  • "What we expect is that there is not going to be any change at this point," said Kelly Ye, director of research at IndexIQ, a unit of New York Life Investment Management Holdings.
Updated 15 Mar, 2021 09:25pm
Dollar sets pace ahead of key central bank meetings
Markets

Dollar sets pace ahead of key central bank meetings

  • Gains in the greenback were more pronounced against low-yielding currencies such as the euro and the British pound while high-yielding currencies like the Australian dollar fared relatively better.
  • Monday's trading theme is a continuation of the pattern we have seen in March and we have to see what the Fed does later this week to see if the rise in bond yields and dollar strength versus low yielders can carry on.
Published 15 Mar, 2021 06:37pm
Bitcoin falls back sharply after weekend record
Markets

Bitcoin falls back sharply after weekend record

  • Bitcoin's new high also came as ten-year US Treasury yields hit a 13-month high of 1.64% on Friday.
  • Since the start of 2020, correlations between bitcoin and copper, equities and, in particular, breakeven inflation have increased.
Updated 15 Mar, 2021 09:27pm
Gold drops in European trade
Markets

Gold drops in European trade

MILAN/LONDON: Gold prices slid more than 1% on Friday as a surge in US Treasury yields and a stronger dollar dented...
Published 13 Mar, 2021 04:28am
Brazil, South Africa finances at risk from domestic debt market volatility: S&P
Markets

Brazil, South Africa finances at risk from domestic debt market volatility: S&P

  • Domestic debt markets is where we're more concerned about the impact of rising yields.
  • Several emerging markets already had very significant fiscal weaknesses before the COVID-19 pandemic and we expect their debt ratios to rise over the next years and if the cost of funding is going up we could see even worse debt trajectories in Brazil and South Africa.
Published 12 Mar, 2021 09:42pm
Dollar dips following inflation data, US Treasury auction
Markets

Dollar dips following inflation data, US Treasury auction

  • The Bank of Canada on Wednesday left its key overnight interest rate unchanged at 0.25%, as expected, and said the Canadian economy was proving to be more resilient than anticipated to the second COVID wave and containment measures.
Published 11 Mar, 2021 10:58am
Gold eases in Europe
Markets

Gold eases in Europe

LONDON: Gold eased on Wednesday after registering its biggest jump in two months in the last session, as higher US...
Published 11 Mar, 2021 05:25am