The 10-year U.S. Treasury yield rose Tuesday, capping a year that saw the benchmark yield push higher even as the Federal Reserve cut short-term rates. The 10-year Treasury yield finished the day up by about 3 basis points at 4.57%, reversing declines from Tuesday morning. The 2-year Treasury yield was last down by 1 basis […]
A worker welds at an agricultural machinery manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou, China, on August 31, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity growth in December missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy. The country’s official […]
U.S. Treasury yields fell back on Monday in one of the final trading days of the year. The yield on the 10-year Treasury was down by about 8 basis points at 4.537%, trading just below multimonth highs recorded last week. The 2-year Treasury yield was last trading at 4.25% after falling more than 7 basis […]
The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.626%. The 10-year rate hit a high of 4.641% in the previous session, hitting its highest level since May. The 2-year Treasury was fractionally lower at 4.318%. One basis point is equal […]
European stocks were set to open higher on Friday, as regional markets resume trading following a closure for the Christmas holiday. The FTSE 100 is expected to open 34 points higher at 8,136, according to data from IG, while the German DAX is slated to gain 40 points at 19,888 and the French CAC 40 […]
People standing outside astore at Pitt Street Mall in Sydney, New South Wales, Australia, on Boxing Day. Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks mostly rose Thursday, with several markets remaining closed for Boxing Day. Japan’s Nikkei 225 rose 0.44%, while the Topix added 0.49%, a day after a report said the country was […]
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to Technomic’s […]
Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be […]
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images India has appointed Revenue Secretary Sanjay Malhotra as governor of the country’s central bank for a three-year period, according to CNBC TV18. He will on Tuesday […]
Customers shopping for vegetables at a supermarket in Nanjing, China. Nurphoto | Nurphoto | Getty Images China’s consumer inflation fell to a five-month low in November and missed expectations, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight pickup […]
