BUCHAREST, Sept 30- Romania's central bank cut its benchmark interest rate to a new record low of 3 percent on Tuesday, as benign inflation gave it room to help an economy that has dipped into recession.» Read More
The Swiss National Bank raised interest rates by 25 basis points for the seventh quarter running on Thursday, and said more increases were likely if the economy remained strong.
The dollar climbed to a 4-1/2-year high against the yen, helped by data indicating U.S. retail sales growth in May was the highest since January 2006 which many investors took as a sign of a pickup in U.S. economic growth.
“Because interest rates were flat along the entire yield curve I was keeping exposure to bonds with maturities of less than 5 years. Now that interest rates are rising I am looking to extend my maturities.” -- Cary W., Arizona
Michael Darda, chief economist at MKM Partners, told CNBC’s “Street Signs” that the current Beige Book is the “best of all worlds.”
Yesterday, the folks over at online data tracker RealtyTrac gave me an exclusive on their monthly foreclosure numbers, because the numbers were just SO out of hand (and because I positively begged them). Foreclosure activity nationwide is up 19% from April to May and up 90% from May 2006 to May 2007. That’s big, and let me tell you, all the media outlets jumped on the bandwagon. ABC World News Tonight even led with the story.
China's yuan jumped against the dollar in early trade on Wednesday to its highest since its 2005 revaluation after the central bank set a much higher reference rate for the Chinese currency.
The dollar climbed against the euro Tuesday to two-month highs as rising U.S. Treasury yields lured investors.
I'm blogging to you from the J.P. Morgan Basics and Industrials Conference in mid-town Manhattan, where I've never in my life seen so many freaked out CEOs. I say this only because not nine months ago I attended a similar UBS conference, where the Homebuilder CEOs and their CFOs and their PR reps and their baggage handlers and their mother-in-laws were all fighting with each other to jump in front of our cameras to talk about the recovery shining brightly ahead in the housing market.
Long-term interest rates could rise and asset prices fall if savings from Asia -- which have been pouring into financial markets -- start to reverse, Bank of England Governor Mervyn King said in a newspaper interview.
Jim Swanson, chief investment strategist at MFS Investment Management, told CNBC’s “Closing Bell” that he expects the stock market to be generally downbeat this summer.
The dollar rose to 3-1/2-month highs against the Swiss franc on climbing U.S. Treasury yields, while investors for the moment brushed aside implications of the Reserve Bank of New Zealand's first market intervention in 22 years.
Harry Clark, founder, president and CEO of Clark Capital Management Group, told CNBC’s “Power Lunch” that last week’s sell-off was healthy for the market.
"Cash is king" in today's bond market -- if rates keep rising. That's the opinion shared by Joseph Balestrino, senior vice president and senior portfolio manager at Federated Investors, and Tony Crescenzi, chief bond market strategist at Miller Tabak. The bond mavens advised "Morning Call" viewers how to play the market.
With interest rates on the rise, electric utilities and large-cap telecom stocks are most at risk for a sell-off, said Cantor Fitzgerald U.S. Market Strategist Marc Pado on "Squawk on the Street."
Peter Kenny, managing director at Knight Equity Markets, told CNBC’s “Squawk on the Street” that the market has shifted its focus to interest rates from earnings.
Volatility is back with a vengeance, and investors will be watching next week's economic calendar carefully, with inflation data topping the list.
In an exclusive interview with CNBC, Michael Moskow, president of the Chicago Federal Reserve Bank, said he believes inflation expectations are “well contained” and he sees stronger economic growth ahead.
The leveraged buyouts that have fuelled record merger activity face a new test as interest rates rise and stock markets wobble, early signs that the debt behind the deals could become more costly and difficult to raise.
The dollar rose broadly to a two-month high on Friday as surging U.S. Treasury yields widened their advantage over other major government bonds and amid sharply reduced expectations for interest rate cuts by the Federal Reserve.
Stocks futures are wrestling with another surge in bond yields this morning and for now have the upper hand as futures edge into the positive zone. Asian markets closed lower overnight and European stocks are weaker.