GDP grows 3.5 percent in Q3; Treasuries briefly cut gains. NEW YORK, Oct 30- U.S. "It's a beat, but GDP was propped up by defense spending," said Tom di Galoma, head of rates and credit trading at ED&F Man in New York.» Read More
The Japanese yen is the best-performing currency this week. It's gained 3.4% over the last few days, which is the biggest increase since December of 2005. With currency carry trades making the headlines, CNBC’s senior economics reporter, Steve Liesman, appeared on "Squawk Box" this morning to give a simple lesson to better understand the yen carry trade.
The U.S. economy is poised for moderate growth and lower inflation, but there is no guarantee core inflation will continue to ease, Federal Reserve Vice Chairman Donald Kohn said.
‘The downbeat market sentiment continues to misrepresent a true, brighter economic picture...’, the words of Ken Fisher our guest host this morning.
Pimco's Bill Gross is calling for four rate cuts this year with the benchmark 30-year bond going down to 4.25%. But will that really happen in light of today's stronger-than-expected payrolls report? On CNBC’s "Closing Bell," Maria Bartiromo asked the bond maven what he thought.
U.S. government bond prices rose slightly in a modest recovery from last week, when the market sold off on stronger-than-expected economic reports.
Stock markets around the world opened the New Year on a note of optimism. European shares are close to six year highs this morning, and Hong Kong closed just under its all time high. U.S. stock exchanges are closed in honor of the national day of mourning for President Gerald Ford. Services for Ford are held this morning. Our Hampton Pearson will be there, and John Harwood will discuss President Ford's legacy.
U.S. Treasuries clawed higher with 10-year yields pulling back from one-month highs from last week, with prices getting some lift Tuesday due to a rise in Japanese government bonds.
Today, the Fed made no change in interest rates—again. How should bond investors react to the decision? Erin Burnett had Bill Gross, the nation's largest bond fund manager, on "Street Signs" to find out. She also talked with Ken Volpert, the portfolio manager for Vanguard's Total Bond Market Index. It's the country's largest bond index fund and just hit the $40 billion mark this month.
It's all about the jobs report today. World stock markets trend flat to lower ahead of the report and U.S. stocks are mixed ahead of the opening. The dollar remains in a tight range and oil traded higher over night on expectations OPEC may limit production again when it meets next week.