US 10-year yields is seeing a notable drop after Treasury unveiled its auction plan. In a closely monitored move, the department announced a USD 2B/month increase in 10-year bond sales. This increment was below market’s Read more…
The U.S. Treasury will sell around $112 billion in coupon-bearing bonds in auctions this quarter, a modestly lower total than forecast, as it looks to fund record government deficits in a market replete with fixed Read more…
While the 2023 holiday season will be an expensive one, that is not keeping many from taking trips. Numbers from Deloitte’s annual Holiday Travel Survey show that 48% of Americans plans to travel between Thanksgiving and the Read more…
We’re seeing some trepidation in markets on Wednesday ahead of the Federal Reserve meeting later in the session and the jobs report on Friday. The Fed meeting should be quite straightforward, with policymakers having come Read more…
Yen steadies after intervention warning Fed widely expected to pause at today’s meeting The Japanese yen has steadied on Wednesday, following massive losses a day earlier. In the European session, USD/JPY is trading at 151.19, Read more…
Gold remains at the back foot for the third consecutive day, following another failure to sustain gains above psychological $2000 level. Yellow metal ‘s price hit new multi-month high at $2009 last Friday, but subsequent Read more…
US ADP private sector employment gains in October fell short of expectations, with an addition of 113k jobs as opposed to the anticipated 135k. A breakdown by industry shows a modest increase of 6k in Read more…
US employment growth expected to slow down in October Dollar retreats ahead of the event but outlook remains bright Nonfarm payrolls to be released at 12:30 GMT Friday US outperforms It’s been a strong year Read more…
As the chart shows, yesterday, the USD/CAD rate exceeded 1.389 for the first time in 2023. This happened against the backdrop of news regarding the economies of the USA and Canada: → Statistics Canada estimates Read more…
Five things you need to know before the market opens on Wednesday November 1: Editor’s note: This will be the final issue of our long-running ‘Five Things’ column as we transition to the new ‘TheStreet Read more…