nonfarm payrolls, unemployment, Fed, recession

The 10-year Treasury yield rose to 2,842% on Friday morning on the back of a stronger-than-expected jobs report for July. The data showed nonfarm payrolls increased 528,000 last month and surpassed Dow Jones’ expectations of 258,000. At the same time, wage growth rose with average earnings climbing 0.5% for the month and 5.2% over last … Read more

Buy the dip on growth, tech stocks amid rebound

Growth stocks such as tech have endured a difficult year, but JPMorgan believes they are now looking more attractive than their valuations β€” and their defensive counterparts β€” as bond yields drop. The stock market has been plagued by broad risk-off sentiment this year, as investors rotate out of growth stocks amid a troubling macro … Read more

10-year Treasury yield falls after preliminary GDP reading shows negative growth

US government debt prices rose on Thursday after the preliminary GDP reading for the second quarter showed an economic contraction. The yield on the benchmark 10-year Treasury note slipped by about 6 basis points to 2.669%. The 2-year yield fell 10 basis points to 2.868%. Yields move inversely to prices and one basis point is … Read more

The post-Fed stock market rally may have gotten too giddy, strategists say

Stocks rallied hard Wednesday after investors viewed the Federal Reserve as dovish, even as it raised rates by 0.75 percentage points. But investors may have gotten too giddy about the central bank much too soon, warn some Fed watchers. The S & P 500 rose 2.6%, and the Nasdaq surged 4.1%. Fed Chair Jerome Powell … Read more

U.S. Treasury yields edge higher ahead of key Fed decision

US Treasury yields pushed higher on Wednesday as investors geared up for a key policy decision from the Federal Reserve. The yield on the benchmark 10-year Treasury note rose 1 basis point to 2.8068% by 1:30 am ET, while the yield on the 30-year Treasury bond moved 2 basis points higher to 3.0284%. Yields move … Read more

The Fed could surprise markets by sounding even more aggressive as economy teeters

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, DC, US, June 22, 2022. Elizabeth Frantz | Reuters The Federal Reserve is widely expected to raise interest rates by another three-quarters … Read more

The Fed is likely to hike rates three-quarters of a point in response to new economic signals

Faced with a slowing economy and inflation that at least is showing signs of topping if not retreating, the Federal Reserve next week likely will raise interest rates by three-quarters of a percentage point. For a brief period last week, markets had flirted with the idea of ​​the central bank going to a full percentage … Read more

Yield curve inversion between 10-year and 2-year rates reaches biggest point since 2000

The 2-year Treasury yield popped Wednesday while its 10-year counterpart fell, pushing the so-called inversion between the two to its biggest level since 2000. Yield-curve inversions are seen by many on Wall Street as signals that a recession lies on the horizon. The 2-year, which is more sensitive to changes in monetary policy, traded 9 … Read more

Key part of yield curve on pace for flattest close since 2007

US Treasury yields ticked downward on Tuesday as the closely watched 2-year / 10-year yield curve remained inverted and was on pace for its flattest close since 2007. The 2-year dropped more than 8 base points to trade at 2.985% but remained above the 10-year Treasury, which dropped 9 base points to 2.9%. The yield … Read more