Treasuries set for third day of gains as oil drops on Iran talks
US 10-year yields fell for a third day, down three basis points to 4.62%, reducing their premium over two-year peers to the lowest in almost four weeks.
US 10-year yields fell for a third day, down three basis points to 4.62%, reducing their premium over two-year peers to the lowest in almost four weeks.
Coming into 2026, State Street expected yields to fall toward 3.5% or lower this year, but instead they've been on the rise.
The global markets unit contributed over a third of the bank's revenue in the first quarter, underlining how the business underpins Barclays' global ambitions.
With Treasury yields out to the 10-year trading well above 4% and longer maturities sitting above 5%, investors are getting better compensated for holding bonds.
Unlike 2007, however, the Federal Reserve's benchmark is 150 basis points lower currently, suggesting investors are demanding even more compensation than at the start of the subprime debt woes.
CIP, which specializes in energy infrastructure, is working with Morgan Stanley on a collateralized fund obligation. The transaction could be around $1 billion.
Yields on Tuesday were higher by roughly two to four basis points across maturities, with the 10-year yield rising to touch its highest since late May at 4.64%.
The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets.
The wave of issuance has become a test of credit market depth, while growing unease over the scale of AI spending is hammering the shares of chipmakers and cloud-computing giants.
Reports on US consumer and producer prices, showed more deceleration that economists had estimated. As a result, the outlook for Fed policy shifted from two quarter-point hikes by mid-2027 to include the possibility of just one hike.
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