We love bonds, but we hate it when they make the front page. Let’s face it, while they are intellectually fascinating, there are no good news stories about bond markets. It’s always “someone’s defaulted”, “someone’s crashing the economy”, or some other such awfulness. Readers would have found it hard to miss the excellent coverage that […]
US stocks sold off on Tuesday, while government bond yields jumped, after strong jobs and services data prompted investors to bet the Federal Reserve will lower interest rates just once this year. Wall Street’s S&P 500 share gauge fell 1.1 per cent, while the technology-heavy Nasdaq Composite closed 1.9 per cent lower. Electric-car maker Tesla […]
Topline The Mega Millions jackpot has reached an estimated $1.15 billion after no one won the estimated $1 billion drawing on Christmas Eve, pushing the jackpot to the fifth-largest prize in Mega Millions’ history, though a lucky winner—facing one-in-302-million odds—taking the lump sum would take home less than one-third of that amount after paying required […]
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. The gap between the US and China’s borrowing costs has grown to its widest level in more than a decade, in a sign of the sharp divergence in the bond market’s expectations for the world’s […]
The yield on the 10-year U.S. Treasury continued its ascent on Monday, after hitting a three-month high last week. The 10-year Treasury yield rose more than five basis points to 4.284%, while the 2-year Treasury added three basis points to 4.126%. Yields move inversely to prices. One basis point equals 0.01%. The yield on the […]
