Doug Wolford, Convergent Wealth President & COO, says more people are paying attention to Janet Yellen than are "keeping up with the Kardashians." Craig Columbus, First Allied Asset Management CEO, weighs in.» Read More
NEW YORK, April 10- The U.S. A steep selloff on Wall Street, where the major indexes lost between 1 and 3 percent, ramped up safe-haven bids for Treasuries and stoked demand at a $13 billion 30- year bond auction that fetched the lowest yield in 10 months.
NEW YORK/ LONDON, April 10- Gold rose to its highest in nearly three weeks on Thursday, boosted by follow-through buying a day after minutes from the U.S. "It changed the dynamic of the gold market because now the fear of Fed raising rates has been pushed back further into the future," said Phillip Streible, senior commodities broker at RJ O'Brien.
*Fed to buy $2.75- $3.50 billion debt that matures in 2018. NEW YORK, April 10- U.S. Treasuries prices rose modestly on Thursday before a $13 billion auction of 30- year bonds after market-friendly minutes from the Federal Reserve's March policy meeting spurred a rally in short-to-medium notes, sending yields to three-week lows.
It looks as though long-end rates are likely to move lower, says CNBC's Rick Santelli discussing the latest trends in the bond market, and the U.S. dollar.
A dovish Fed managed to reverse market perception that it would be more aggressive with rate hikes and spun the onus back to the economy.
LONDON, April 10- Gold rose nearly one percent on Thursday, reaching a 2-1/ 2 week high as the dollar dropped after minutes from the Federal Reserve's policy meeting suggested officials will be cautious on increasing interest rates soon.
Peter Cardillo, chief market economist at Rockwell Global Capital, says the minutes revealed the Fed is testing the market and that interest rates won't be raised "anytime soon."
SYDNEY/ SINGAPORE, April 10- The dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth.
*Gold scales fresh 2- week high. SINGAPORE, April 10- Gold extended gains to a third session on Thursday, scaling fresh two-week highs, after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon.
*Toyota falters on recall of vehicles, BoFA Merrill cuts rating. Federal Reserve eased worries over the timing of rate hikes, though Toyota Motor extended losses as investors punished it for its latest global recall of vehicles.
*BOJ's Kuroda surprised with hawkish tone in first live briefing. TOKYO, April 10- Japan's central bank governor, Haruhiko Kuroda, gave the yen its biggest boost in over seven months and sent Tokyo stocks tumbling with hawkish comments this week, but his aim was more to jolt market psychology than to signal a change in policy.
As a result, the dollar index has just about relinquished all of its gains made since the head of the U.S. central bank on March 19 suggested that interest rates may rise as soon as early next year.
NEW YORK, April 9- The Pimco Total Return Fund, the world's largest bond fund, cut its holdings of U.S. government-related securities and mortgages for the second straight month in March on continued bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Wednesday.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to policymakers' fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticipated.
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to fresh forecasts that appeared to map out a more aggressive cycle of interest rate increases than policymakers actually anticipated.
NEW YORK, April 9- Short- and medium-term U.S. People are readjusting now, "said Brian Rehling, chief fixed income strategist with Wells Fargo Advisors in St. Louis, Missouri.
*Gold up as dollar falls to two-week low vs euro. NEW YORK/ LONDON, April 9- Gold rose on Wednesday, boosted by a weaker dollar and the release of Federal Reserve minutes that eased concerns the central bank was set to hike interest rates soon after it ended its massive monetary stimulus later this year.
NEW YORK, April 9- The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the U.S. central bank may not raise interest rates anytime soon.
CNBC's Rick Santelli reports the 10-year/5-year spread has steepened after the release of the FOMC minutes.
Discussing the Fed minutes, and the debate about whether Fed Chair Yellen is more hawkish or dovish, with Joseph Lavorgna, Deutsche Bank, and Robert Brusca, FAO Economics.