Following remarks prepared by Federal Reserve Chairman Jerome Powell for a congressional hearing, U.S. Treasury revenues fell, in which he warned that economic reform was “far from complete.” Yields on the benchmark 10-year Treasury note fell 1.645% at 5:30 p.m. Yields on 30-year Treasury bonds are down 2.346%. Yield moves …
Read More »Asia-Pacific stocks gained ground after a rally
SINGAPORE – Shares of Asia-Pacific were mixed in Tuesday’s trade, with Chinese search giant Baidu entering Hong Kong. In Japan, the Nikkei 225 peaked at 0.53% while the Topix index rose 0.33%. South Korea’s Kospi slipped a fraction. Mainland Chinese stocks fell 0.21% in the Shanghai Composite while the Shenzhen …
Read More »The 10-year Treasury yield is at a new high before the Fed’s decision
The 10-year-old U.S. leader was speaking ahead of a press conference with Federal Reserve Chairman Jerome Powell at the central bank’s two-day policy meeting. Treasury yields peaked at 1.64% early Wednesday morning. Yield on the benchmark 10-year Treasury note rose 1.644% at 6 a.m. ET. Yields on 30-year Treasury bonds …
Read More »Top Glove, Analyst on the Outlook of Malaysian Glove Stocks
SINGAPORE – The recent plunge in share prices of Malaysian rubber gloves makers is “unreasonable,” analysts said, predicting further upside in stocks. Shares of Top Glove, the world’s largest rubber gloves manufacturer, closed down 17.7% this year after closing on Monday. Its smaller allies Hartalega, Supermax and Coson have fallen …
Read More »Treasury yields increase after the stimulus package is passed by the Senate
The 10-year-old U.S. man died Monday morning after the Senate passed a $ 1.9 trillion coronavirus economic relief and stimulus bill on Saturday. Treasury yield reached 1.6%. Yield on the benchmark 10-year Treasury note reached 1.606% at 3.30am. Yields on 30-year Treasury bonds rose 2.311%. Yields continue to rise in …
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