US Treasury yields hover around multi-day top after biggest jump in three months By anilpanchal7 Bonds RiskAppetite Coronavirus Fed YieldCurve
n absence of major data/events, as well as cautious sentiment ahead of the US ISM Manufacturing PMI. However, fears relating to the South African covid variant and Fed’s rate-hike keep bond bears hopeful.
Growing fears of the coronavirus, backed by record-high infections, joined escalating US inflation expectations to underpin the previous run-up of the US Treasury yields. The latest pullback, however, may have a little fundamental backup. Even so, firmer China Caixin Manufacturing PMI and hopes of further stimulus from the US, Beijing and Europe could be spotted as responsible for the latest corrective move.
Looking forward, the US ISM Manufacturing PMI for December, expected 60.2 versus 61.1, will offer immediate direction to the markets. However, major attention will be given to the Fed rate-hike concerns and virus updates for clear direction.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Omicron Upends Return to US Schools and WorkplacesSome school systems around the U.S. have extended their holiday break or switched back to online instruction because of the explosion in COVID-19 cases
Read more »
U.S. jury finds Theranos founder Holmes guilty in fraud trialBREAKING: U.S. jury finds Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood testing startup. Holmes was convicted on four of 11 counts, acquitted on four counts and the jury could not reach a decision on three counts
Read more »
Children are hospitalized with Covid at record numbers in the U.S.Some younger patients are found to be Covid-positive through routine screening, but a worrisome number are experiencing severe complications of the coronavirus, doctors say.
Read more »
U.S. Olympic speedskating trials to be held without fans, media due to COVID surge'It's vital that we continue to keep a strong focus on the health and welfare of our athletes,' said Ted Morris, executive director of US Speedskating.
Read more »
Meet The Zeekr 001: Model X Specs At Half The Price & Coming Soon To The USNever heard of the Zeekr brand? Don't worry; you soon will.
Read more »
Remain in Mexico expands as U.S. immigration court hearings beginThe Biden administration has brought 36 migrants back to the U.S. for court hearings under the reimposed Remain in Mexico program and expanded its enforcement of the program, even as it continues efforts to end the policy.
Read more »