Apart from inflation remaining well below the 2 percent target, the Fed is also cautious about a stronger dollar, says Jonathan Hirtle, CEO of Hirtle Callaghan & Co.» Read More
The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.075 percent, up from 0.050 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.165 percent, up from 0.145 percent last week. For a $10,000 bill, the three-month price was $9,998.10 while a six-month bill sold for $9,991.66.
NEW YORK, Aug 3- U.S. benchmark and long-dated Treasury yields hit their lowest levels in over two months on Monday on weak U.S. economic data and a muted inflation outlook, while declines in short-dated yields were limited ahead of a key U.S. jobs report. Continued concerns over China and Greece's economies also spurred some safe-haven bids for U.S.
NEW YORK, Aug 3- The Municipal Securities Rulemaking Board is modifying a controversial proposal that would require brokers and dealers to disclose how much above their cost they sell certain municipal bonds to small investors, the regulator's executive director said on Monday. Individual investors routinely pay as much as 5 percent more than...
NEW YORK, Aug 3- U.S. long-dated and benchmark Treasuries yields hit their lowest levels in two months on Monday after weaker-than-expected U.S. economic data damped expectations that the Federal Reserve will hike interest rates in September. The Institute for Supply Management said its index of national factory activity fell to 52.7 in July from 53.5 the...
The number of people filing for bankruptcy in the U.S. and U.K. has fallen, but homeowners could get in trouble if interest rates rise.
U.S. Treasury prices climbed on Monday, as Greek stocks sold off sharply after the market opened for the first time in five weeks, lifting demand for safe-haven assets.
Paras Anand, head of European equities at Fidelity Worldwide Investment, says inflation pressure may mean that the negative rate environment won't persist much longer.
Malaysia’s currency was already under pressure, hit by political concerns and the oil price drop, but it really fell out of bed Monday.
The Malaysian ringgit hit its lowest level since 1998 against the greenback on Monday. Khoon Goh, senior FX strategist at ANZ, outlines the reasons behind the decline in the currency.
TOKYO, Aug 3- Japanese government bond prices edged down on Monday on caution towards an upcoming 10- year debt auction, although gains by U.S. Treasuries and weakness in Tokyo stocks limited losses. Japan's finance ministry will offer 2.4 trillion yen of 10- year JGBs on Tuesday.
Nathan Bell, head of research at Peters MacGregor Capital Management, explains why the Fed will not unveil an interest rate hike faster and further than market expectations.
The Fed is the priority for investors as U.S. election news remain in the "entertainment camp," says Adrian Mowat, managing director and chief Asian and emerging market equity strategist at JP Morgan.
Ray Attrill, co-head of FX strategy at National Australia Bank, discusses the probability of the Fed increasing interest rates in September.
Ron Napier, head at Napier Investment Advisors, says U.S. markets will face selling pressure by year-end because of lackluster U.S. growth and stretched valuations.
Alaistair Chan, economist at Moody's Analytics, says another interest rate cut and further fiscal policies may be in the offing following July's weak manufacturing data.
Asian central bank decisions are in the spotlight as policymakers debate the best course of action amid expectations of a Fed hike in September.
CNBC's Dominic Chu looks back at the week's top business and financial stories.
Even if the U.S. government won't allow Puerto Rico Chapter 9 bankruptcy, the territory could still potentially get by.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
Alexander Branis, director at Prosperity Capital Management, discusses the Russia central bank cutting rates and how this might help the economy.