In the dead quiet of a holiday week, the Treasury market could be signaling that interest rates could quickly start moving higher next year. Treasury yields were bouncing along the curve Wednesday, with the benchmark 10-year Treasury yield rising to 1.55% from 1.48% the previous day. On Thursday, the 10-year backtracked slightly to 1.53%. The … Continued
MARKET WRAPS Watch For: Flash Estimate euro area inflation; BOE’s Mann speaks; updates from easyJet, SAS. Opening Call: European markets should rise for a second day, U.S. stock futures are pointing higher. Equity markets in Asia are mixed. U.S. Treasury yields recover. The dollar strengthens against the euro and the yen. Oil rose and gold … Continued
By Vivien Lou Chen Financial markets, still on a rollercoaster ride given the unknown impact of the coronavirus omicron variant and the Federal Reserve’s hawkish turn, may be in for a fresh surprise when the next U.S. consumer price index report is published Friday. Traders of derivatives-like instruments known as “fixings” are betting that the … Continued
By Vivien Lou Chen and Mark DeCambre Long-dated Treasury yields posted their biggest one-day drop in almost a week on Thursday, while major stock indexes besides Dow industrials were lower, ahead of Friday’s U.S. consumer-price index report for November and next week’s Federal Reserve policy meeting. What are yields doing? The 10-year Treasury note … Continued
In November, the credit markets saw a new issue calendar that topped monthly expectations as spreads were 5 to 25 basis points wider for the second straight month after two months of spreads tightening in August and September. The U.S. Treasury market was flatter by 12 basis points as the omicron variant fears lead to … Continued
December 6, 2021 Municipal New Issuance: The negotiated calendar totaled to just under $7 billion with only two deals being over $700 million. The largest deal of the week was the $704 million Black Belt Energy Gas Project revenue bonds. The second largest deal was the $700 million Illinois State Highway Authority revenue bonds. Even with the … Continued
By Mark DeCambre Yields for U.S. government debt were on the rise Monday morning, after the 10 and 30-year Treasurys last week fell to the lowest rates in months, amid market unrest fueled by the emergent omicron variant of the coronavirus that causes COVID-19. Thus far, early reports on the new COVID strain, however, suggest … Continued