Underlying US inflation accelerated slightly at the start of the year, in line with expectations, as a pickup in services costs more than offset stable goods prices. The core consumer price index, which excludes often-volatile food and energy costs, increased 0.3% from December, the most since August, according to Bureau of Labor Statistics data out…
(Bloomberg) — A rally in short-maturity Treasuries sparked by slumping consumer confidence re-started last year’s yield-curve steepening trend that had run aground this month. The unexpected drop in the Conference Board’s gauge of consumer sentiment in January to the lowest level in more than a decade fortified the prospect of two Federal Reserve interest-rate cuts…
(Bloomberg) — Traders are piling back into a popular hedge fund strategy that bets on US Treasuries outperforming interest rate swaps. The so-called swap spread wider trade — which uses derivatives to wager that the gap between rates on interest-rate swaps and yields on Treasuries of the same maturity will grow — came under pressure…
Treasury yields snapped higher Tuesday, breaking a six-week trading range and thwarting the bond market’s traditional role as a haven in times of stock market volatility. When Treasury yields move higher, prices fall. Tuesday’s jump in the 10-year Treasury yield to 4.3% broke a range that was steadily between 4.1% and 4.2%. The benchmark 10-year…
(Updates with prices at 1:52 pm ET) US stocks inch up after weeks of jitters Stocks flinch, yields rise as Trump tells Hassett to stay put Ebbing geopolitical risks take spotlight off gold Dollar stays near 6-week high after strong jobs data Yen on intervention watch By Isla Binnie and Sophie Kiderlin Jan 16 (Reuters)…
A Bloomberg gauge of the dollar posted its worst week since June as traders looked to data due early next month to confirm expectations for further Federal Reserve interest-rate cuts in 2026. With trading subdued because of holidays this week and markets in the UK closed Friday, investors’ attention has largely turned to major economic…
