Category: Treasury
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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Treasury yields rise after US 10-year auction. Chart consolidates
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US 10-year returns Where do 10-year returns belong? In the past year, they have traded from 3.7% to 5.0% as the market faces questions about future inflation and interest rates. The midpoint of this range is 4.35%, which is just below 4.49% currently. Yields rose 2 basis points today after…
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US treasury to auction off $58 billion of 3-year notes at the top of the hour
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The US Treasury will sell US$58 billion of the three notes at the end of the hour. The results will be compared to six-month averages of the main components of the aggregate demand measure. Key components and their six-month averages and widths: Tail: 6-month average 0.1 basis point. Previous auction…
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Markets worry Treasury yields could jump back to levels that sparked chaos last October
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and Samhar/Getty Images The yield on 10-year Treasury bonds is hovering below the levels that caused a massive collapse last fall. However, persistent inflation and weak Treasury auctions could boost yields beyond the 5% level. Once this threshold is crossed, investors may experience a sharp correction in stocks. Treasuries may…
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Treasury slashes budget by Sh267bn on revenue shortfall
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The Treasury has cut the 2024/25 budget by Sh267.5 billion to reflect the reality of weak revenues amid ballooning public debt. Total spending and net lending for the financial year starting July 1 is now estimated at Sh3.92 trillion, down from the previous forecast of Sh4.188 trillion. The lower budget…