Treasury yields look poised for a fresh burst higher in the coming months, even if the Federal Reserve ends up calling a halt to interest-rate hikes over its final two meetings of 2023.
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Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found.
Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government borrowing driven by a widening fiscal deficit.
The US economy grew at the fastest pace in nearly two years last quarter, fueled by a surge in consumer spending.
The worst selloff of longer-term Treasuries in more than four decades is putting a spotlight on the market’s biggest missing buyer: the Federal Reserve.
US Treasury staff and counterparts from China held the first meeting of a new working group dedicated to discussing economic topics, yet another small sign of improving ties between the two powers.
Stocks trimmed losses after hitting a key support level, with traders awaiting earnings from a handful of big tech companies.
Stocks fell around the globe, bonds rose and oil hit $90 a barrel on concern that the Israel war with Hamas will escalate into a wider conflict in the Middle East.
Treasuries trimmed losses after the 10-year yield approached 5%. The S&P 500 was little changed. Netflix Inc. surged as much as 18% after posting its best quarter for subscriber growth in years.
Stocks were under pressure and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.