US 10Y Note Falls to 1.951%

The yield on the benchmark 10-year Treasury note fell to its lowest level since November 2016 on Wednesday, continuing its slide below 2% on expectations central banks around the world would respond to a slowing global economy with more monetary stimulus. At around 8:17 a.m. ET, the yield on the benchmark 10-year Treasury note, which […]

Oil Higher Ahead of US Weekly Crude Inventories

Oil prices rebounded slightly on Wednesday after a steep fall in the previous session as OPEC and its allies’ decision to extend output cuts was not enough to counter investors’ concerns about the slowing global economy. Prices were supported by widely-watched data showing a larger-than-expected drawdown in U.S. crude oil inventories, with government data due […]

US Trade Advisor Navarro Says US-China Deal Will Take Time

U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White House trade advisor Peter Navarro told CNBC on Tuesday. Negotiations between the two economic superpowers over issues including trade deficits, alleged intellectual property theft and forced technology transfers broke down in May. But President Donald Trump and Chinese […]

Fed’s Mester Says CB Should Stand its Ground on Rates

The Federal Reserve can afford to stand its ground on interest rates while it watches how challenges to economic growth unfold, Cleveland Fed President Loretta Mester said Tuesday. Speaking in London, the central bank official said she holds a “positive baseline outlook” on the economy though she is monitoring risks to determine whether the Fed […]

Fed Could Still Pivot Away From a Rate Cut

Despite a policy pivot earlier this year and an even clearer shift just last week, the Federal Reserve remains miles apart from what Wall Street wants. Central bank officials have indicated that a rate cut is at least on the table, but the market is demanding more — so much more, in fact, that a […]