Economic events
Treasury yields dip as final trading week of 2024 kicks off
U.S. Treasury yields slipped on Monday in one of the final trading days of the year got underway. The yield on the 10-year Treasury was down by about 7 basis points at 4.547%, trading just below multimonth highs recorded last week. The 2-year Treasury yield was last trading at 4.254% after dipping by about 7 […]
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European markets set to open mixed in last full trading day of 2024
European markets are set to open in mixed territory on Monday, in what will be the region’s final full trading session of the year. London’s FTSE 100 index is slated open 10 points lower at 8,127, according to IG, while the French CAC 40 is expected to add 67 points to open at 7,350. Germany’s […]
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10-year Treasury yield back above 4.6% after mixed jobless claims data
Treasury yields were slightly higher early Friday after a mixed set of data on weekly jobless claims. The yield on the benchmark 10-year Treasury was 3 basis points higher at 4.607%, slightly down from its peak earlier in the week but back above the 4.6% level it had not breached since May. The 2-year Treasury was fractionally higher […]
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European markets set to open higher after Christmas closure
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 […]
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Japan’s cabinet approves record $730 billion budget for next fiscal year
Pedestrians walk in front of the Bank of Japan head office building in Tokyo on April 27, 2022. The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the Covid-19 pandemic. […]
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China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem the slide in corporate earnings. […]
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World Bank raises China’s GDP forecast for 2024, 2025
Densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China, on Aug. 16, 2011. Qilai Shen | Corbis Historical | Getty Images The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, […]
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Japan’s budget to hit record, but with reduced new bond issuance, Reuters reports
Pedestrians walk past the Finance Ministry building in Tokyo March 13, 2009. Toru Hanai | Reuters Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’s heaviest debt, a draft seen by Reuters showed. The 115.5 trillion […]
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Treasury yields retreat ahead of the Christmas holiday
Treasury yields retreated on Tuesday in a holiday-shortened trading session ahead of the Christmas break. The yield on the 10-year Treasury was 12 basis points lower at 4.586%, while the 2-year Treasury was down 9 basis points at 4.340%. One basis point is equal to 0.01%. Yields move inversely to prices. Tuesday will likely play out as […]
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China plans $411 billion special treasury bond issuance next year, Reuters reports
Chinese national flags flutter in front of the Great Hall during the fifth plenary meeting of the first session of the 14th National People’s Congress (NPC) on March 12, 2023 in Beijing, Vcg | Visual China Group | Getty Images Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury […]
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