bond markets
Treasury Yields Extend Surge – WSJ
Selling in U.S. government bonds accelerated on Thursday, sending yields soaring again as uncertainty over the pace of economic expansion continued to unsettle financial markets. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, jumped above 1.7% for the first time since the pandemic in early trading Thursday. Declines spread …
BlackRock Emerges as Wall Street Player in Biden Administration
Wall Street bankers, and in particular those from Goldman Sachs Group Inc., have long held senior positions in the White House. Under President-elect Joe Biden, such roles are going to executives of BlackRock Inc. A former Goldman executive held the Treasury secretary post in three of the last four administrations, but the firm is absent …
Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases
Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday. In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate …
Coronavirus collapse pulls down U.S. consumer prices in March
The numbers: The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch. Core inflation, minus food and energy, prices fell 0.1% in March, the first decline in 10 years. The rate of inflation over …
Stocks record worst week since financial crisis as coronavirus concerns heat up
U.S. stocks capped the week with another session of painful losses on Friday amid worries around the COVID-19 outbreak’s potential to upend the global economy. Stocks trimmed Friday’s losses by the closing bell with the Nasdaq turning positive. The S&P 500 SPX, …
Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
The old saw used to be that when the U.S. sneezes, the rest of the world catches a cold. Now, a more apropos adage for market bears may be that when an outbreak of coronavirus grinds the world’s second-largest economy to a halt, the rest of the world catches a recession. Indeed, recession fears resurfaced …
Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemic
U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street. A busy week of mixed U.S. corporate earnings reports preoccupied investors, with shares of bellwether Caterpillar slumping while shares of Amazon.com soared after …
Stocks aim for another round of records as bulls look to extend five-day winning streak
U.S. stocks were slightly higher Wednesday as investors hoped to keep a five-day winning streak going in the wake of a preliminary U.S.-China trade deal and fading worries over the global economic outlook. The likely impeachment of President Trump by the U.S. House of Representatives in Washington later Wednesday held little risk for investors, analysts …