A US senator has introduced the “No Digital Dollar Act to prohibit the US Treasury and Federal Reserve from interfering with Americans using paper money” if a central bank digital currency is adopted. The bill further states, “No central bank digital currency shall be deemed legal tender under Section 16 5103 of Title 31, United …
The 10-year Treasury yield, a vital benchmark that influences a wide range of consumer borrowing costs, is on track to hit 4% for the first time in at least 12 years – a development that is beginning to reverberate. in the financial markets. The rate TMUBMUSD10Y, 3.999% climbed as high as 3.988% on Tuesday – …
Why a rising 10-year Treasury yield is rocking financial markets as it nears 4% Read More »
The latest threat to equities is no longer macro risk – it’s rising 2-year Treasury yields, according to some fund managers and strategists. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight as the 2-year Treasury yield continues to climb. On Wednesday, it hit 4.1%, the highest level since 2007. On Thursday, …
Chinese yuan banknotes are seen in this illustration photo taken April 25, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register China is the world’s largest official creditor Lack of transparency, confidentiality agreements under fire from critics Progress demanded on Common Framework debt agreements for Zambia and others WASHINGTON, Sept 20 (Reuters) …
US Treasury official criticizes China’s ‘unconventional’ debt practices Read More »
U.S. government debt yields hit the highest levels in more than a decade on Monday as investors braced for a third straight 0.75 percentage point hike from the Federal Reserve on Wednesday. The yield on US 10-year government debt, a benchmark for global borrowing costs, rose above 3.5% for the first time since April 2011 …
The Dow Jones Industrial Average briefly fell more than 250 points on Monday before paring losses, as the 10-year Treasury yield hit an 11-year high ahead of the Federal Reserve’s interest rate decision on Wednesday . Major stock indexes threatened to add to last week’s stock market losses. X Auto area (AZO) was an earnings …
U.S. stocks closed lower on Thursday, with tech stocks leading the decline, as bond yields edged a likely Federal Reserve interest rate hike next week. What happened? The Dow Jones Industrial Average DJIA, -0.56% ended 173.27 points lower, down 0.6%, at 30,961.82. The S&P 500 SPX, -1.13% fell 44.66 points, or 1.1%, to end at …
Dow ends nearly 200 points lower as Treasury yields rise Read More »
