A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment. … Read more
Treasury yields moved in mixed directions on Friday as traders weighed the U.S. economic outlook following the latest nonfarm payrolls data release. The yield on the 10-year Treasury was up 3 basis points at 4.019%, crossing back above the key 4% level. It had retreated earlier in the morning. The 2-year Treasury yield was last … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
U.K. mortgage rates are falling as markets anticipate the Bank of England will start cutting interest rates toward the middle of the year — but uncertainty is likely to continue to dent buyer confidence. HSBC announced cuts beginning Thursday on its residential mortgage interest rates, with several falling below 5% for the first time since April … Read more
The site of a real estate building under construction in Huai ‘an city, Jiangsu province, China, December 26, 2023. CFOTO | Future Publishing | Getty Images China is facing the prospect of a long-drawn correction in its property sector, with the overhang in the housing inventory likely to take more than 10 years to clear, … Read more
U.S. Treasury yields rose on Wednesday as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last up by 4 basis points to 3.967, after touching above 4% earlier in the morning. The 2-year Treasury yield was last trading at 4.343% after … Read more
The millennial and Gen Z generations are placing financial goals at the top of their lists of 2024 resolutions, a recent American Express survey finds. The poll, which surveyed more than 1,800 people born between 1981 and 2012, found that 57% of respondents named personal finance goals as their top personal aim for next year, … Read more
Student debt rose to $1.6 trillion Student loan borrowers spent the first half of the year hoping to see their balances reduced, if not erased, by the end of the summer. Many spent the second half of the year scrambling to figure out how they were going to resume making payments. By the end of … Read more
This year, 40% of Americans said they do not make financial resolutions for the new year and 68% said they do not have written financial plans at any point in the year, according to research from BMO Financial Group. However, setting a budget goes a long way in managing your personal finances. “Many people spend … Read more
U.S. Treasury yields were higher on Friday as investor attention remained focused on the path ahead for the economy and monetary policy. The yield on the 10-year Treasury was up over 3 basis points at 3.881%. The 2-year Treasury yield was last around 2 basis points higher at 4.297%. Yields and prices move in opposite … Read more
