Gold dropped below $1,700 on Tuesday as Biden's infrastructure spending plan boosts yields and dulls the metal's appeal.
Treasury yields increased to their highest in 14 months as Biden prepares to introduce an infrastructure plan and as vaccinations are on the rise.
Shares of big US banks could rise by another 21% on the back of a US economy that's "fast gaining steam," says Bank of America.
Bank stocks dropped Monday as the 10-year Treasury yield moved back from a 14-month high. The slide in bank shares weighed on a key bank ETF.
The shift in investor positioning comes as interest rates begin to bounce off of historic lows seen amid the COVID-19 pandemic.
Higher Treasury yields and the collapse of Greensill Capital contributed to investors pulling more than $15 billion from bond funds this week, says EPFR.
The Fed will likely try to communicate that the pricing in of rate-hike expectations is too aggressive, says Barclays' US head of stock trading.
The dollar's rally after last week's jobs data offers another indication that recovery prospects are "becoming more influential," says HSBC.
The 10-year yield climbed past a key threshold, weighing further on tech stocks as investors reposition for the full reopening of the US economy.
Treasury yields continue to push higher as investors price in inflation and economic recovery expectations.
Investors have been “rewarding junk and disappointment” lately in the stock market, says Credit Suisse. The firm notes stock-market outperformance for companies with heavy debt loads and other soft fundemantals, relative to those that have seen strong earnings growth. Credit Suisse says investors’ willingness to take on more risk dates […]
Inflation risks and central banks signalling rates are on hold will eat into cash returns, says UBS. The firm says investors should consider sovereign debt outside of the US in their search for yield. There’s an “excess” in cash being held by private investors, UBS argues. Visit the Business section […]
Mark Grant of wealth management firm B. Riley FBR told CNBC “the biggest concern for the markets, frankly, is the election.” The chief global strategist said there’s risk because of the distinct differences between the Democratic and Republican tax proposal plans. Grant suggests investors have more cash, buy ETFs that […]
Bond rallies driven by global uncertainty have pushed yields on US Treasurys to historical lows. This has made it difficult for fixed income investors to find returns in the market without taking on high amounts of risk. While there are a few opportunities left in corporate debt, investors don’t expect […]
Analysts at Citi have proposed three strategies to profit from the selloff of UK stocks since the Brexit vote They identify cheap domestic stocks, cheap commodity stocks, and ‘potential de-equitizers’ as the building blocks of an attractive UK portfolio. Brexit uncertainty has led investors to shy away from British stocks. […]
Italian President Sergio Mattarella rejected the euroskeptic economist and former banker Paolo Savona for finance minister, an action that may set up a new election. Italian bond yields are surging amid the political uncertainty. Citi says yields could go a lot higher from here. Italian yields surged Tuesday morning amid […]
Italy’s president rejected euroskeptic economist and former banker Paolo Savona for finance minister. He must now form a new government or call for another election. US yields are sharply lower as money pours into safety. US Treasury yields are sharply lower Tuesday morning as traders have awakened to growing political […]