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Yield on 10-year Treasury Hovers Near 5%
The Wall Street Journal10d agobearish
Yield on 10-year Treasury Hovers Near 5%

The yield on the 10-year U.S. Treasury note is still hovering just below 5%, pushed in different directions Monday by energy and stock markets. Treasury yields, which rise when bond prices fall, have been closely tracking oil prices, which were up again Monday. The 10-year yield was choppy Friday but ultimately ended the day higher after slightly warmer-than-expected inflation data reinforced bets that the Federal Reserve will vote to raise interest rates at its meeting Wednesday.

10-Year Yield Holds Below 5% After Firm Inflation Data
The Wall Street Journal13d agoneutral
10-Year Yield Holds Below 5% After Firm Inflation Data

The yield on the 10-year Treasury note is holding below 5% after new data showed core consumer prices rising more than expected last month. The report reinforced bets that the Federal Reserve could raise interest rates next week, leading to an uptick in short-term Treasury yields, which are especially sensitive to the rate outlook.

Stocks Stumble Ahead of Highly-Anticipated Inflation Report
Barrons.com14d agobearish
Stocks Stumble Ahead of Highly-Anticipated Inflation Report

Today's wholesale inflation data sets the stage for tomorrow's consumer price index release, with investors watching closely for signs inflation is spreading beyond energy. The producer price index rose as expected in August, which prompted a move lower in equities, intensified bond yield rises, and caused a jump in odds of a rate hike from the Federal Reserve. The S&P 500 dropped 0.6% while the Nasdaq Composite declined 0.6%.

Why Bond Yields Are Surging Again
The Wall Street Journal14d agoneutral
Why Bond Yields Are Surging Again

Government bond yields are climbing around the world again, with the yield on the 10-year U.S. Treasury note moving closer to 5%. Here are some of forces driving them higher today: Rising oil prices.

Did the Hawkish ECB Help Fuel the Treasury Selloff?
The Wall Street Journal14d agobearish
Did the Hawkish ECB Help Fuel the Treasury Selloff?

The ECB lifted some of its inflation forecasts and warned inflation is “set to remain well above target for an extended period.” Capital Economics described the ECB's latest language as “somewhat hawkish.” ECB decisions aren’t usually a major focus for U.S. investors, but the statement appeared to add fuel to the selloff in the U.S. Treasury market, which was already under pressure from higher oil prices.

Treasury Yields Surge to 34-Month High on Oil and PPI
Barrons.com14d agobullish
Treasury Yields Surge to 34-Month High on Oil and PPI

The 10-year Treasury yield is meaningfully higher this morning, taking a cue from the relentless run-up in oil prices and the latest inflation data. The yield on a bond maturing in a decade is at 4.914%, the highest intraday level since October 31, 2023.

Bond Yields Tick Higher After Trump Promises $5,000 Checks
The Wall Street Journal14d agoneutral
Bond Yields Tick Higher After Trump Promises $5,000 Checks

The market reaction to President Trump’s proposal to give Americans $5,000? Let’s see. Bond yields, already at their highest level in years, ticked higher early Thursday after the president held out the prospect of a dividend payment should Republicans retain control of congress in the midterms.

What's Moving Markets Today?
The Wall Street Journal20d agoneutral
What's Moving Markets Today?

The Dow Jones Industrial Average, S&P 500 and Nasdaq edged lower today as a strong August jobs report provided another datapoint for Federal Reserve policy expectations. Also, diesel prices hit a record high, and another retail brand, Lululemon Athletica, took an earnings hit.

Strong Jobs Report Pushes Fed Closer to Hike
Barrons.com20d agoneutral
Strong Jobs Report Pushes Fed Closer to Hike

With the U.S. economy gaining 162,000 jobs in August and unemployment remaining on a steady course, Fed officials won't need to worry as much about labor conditions when weighing the possibility of raising interest rates later this month. If August's jobs growth had been weak again, it might have raised concerns that the economy wasn't strong enough for higher interest rates.

Yields Climb After Jobs Data Beats Expectations
The Wall Street Journal20d agobullish
Yields Climb After Jobs Data Beats Expectations

Treasury yields are climbing after a hotter-than-expected jobs report that analysts said increases the chances the Federal Reserve will lift short-term rates at its next meeting. The 2-year yield, which often rises and falls with traders' expectations for short-term rates set by the central bank, was recently trading around 4.

Stock Futures Drop on Strong Jobs Report
Barrons.com20d agobearish
Stock Futures Drop on Strong Jobs Report

Stocks pulled back after the August jobs report came in strong. Dow Jones Industrial Average futures fell 0.2%, or 129 points, while S&P 500 futures slipped 0.2%. Tech stocks held onto modest gains with Nasdaq 100 futures up 0.

Norway's Giant Oil Fund Could Buy More Japanese Debt While Offloading Treasurys
The Wall Street Journal20d agobullish
Norway's Giant Oil Fund Could Buy More Japanese Debt While Offloading Treasurys

A new proposal from Norges Bank Investment Management envisions shrinking the oil fund's overall portfolio of government debt. Its holdings of Japanese debt stand to rise, however, because of a technical change in how the fund measures the market. Bond holdings are currently based on the size of a country's economy, which kept Japan's allocation lower than its debt footprint while increasing the U.S. share.

Norway's Oil Fund Wants to Reduce Its Treasury Holdings by $80 Billion
The Wall Street Journal20d agoneutral
Norway's Oil Fund Wants to Reduce Its Treasury Holdings by $80 Billion

The manager of Norway's $2.4 trillion sovereign-wealth fund proposed cutting its holdings of government bonds and adding riskier debt to boost returns. The move would shrink its portfolio of U.S. Treasurys by about $80 billion, according to WSJ calculations. The proposed changes would see the fund's exposure to U.S. Treasurys fall to 21.9% of its bond portfolio from 34.1%.

Dow Adds 650 Points in Midday Rally
Barrons.com21d agobullish
Dow Adds 650 Points in Midday Rally

Stocks climbed as Wall Street let out a sigh of relief that bond yields ticked lower and the odds of a Federal Reserve rate hike fell. The S&P 500 gained 1%, and the Nasdaq Composite rose 1.4%. The Dow Jones Industrial Average added 1.

What’s Moving Markets Today?
The Wall Street Journal21d agoneutral
What’s Moving Markets Today?

The Dow Jones Industrial Average, S&P 500 and Nasdaq saw gains in morning trading as the odds of a Fed rate hike plunged, geopolitical unrest continued and Nvidia kept acquiring. Here is what is driving the markets today: The Fed’s will-they-won’t-they rate hike: The odds of a Fed rate hike this month are now a coin flip, according to CME FedWatch.