Yields on the 10 year benchmark yields softened to a 30-month low to 6.82%, tracking a softening in the US bond yields due to a fall in crude oil prices yesterday. This is the lowest level since March 31st 2022, LSEG data showed. Bond yields, which ended at 6.82% were down by three basis points, … Read more
SINGAPORE – Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold … Read more
Gold prices struggled for a clear direction on Wednesday, as traders awaited comments from a slew of Federal Reserve officials this week to assess how soon the U.S. central bank may start cutting interest rates. FUNDAMENTALS * Spot gold held its ground at $2,035.12 per ounce, as of 0131 GMT, after rising more than 0.5% … Read more
Two major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week.Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields … Read more
