Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Treasurys traded higher on Thursday as the U.S. government's auction of 30-year bonds, the last of three debt auctions this week, was met with weak demand.
The Treasury Department auctioned $16 billion in 30-year bonds at a high yield of 2.560 percent. The bid-to-cover ratio, an indicator of demand, was 2.26, well below the 2.47 recent average.
Indirect bidders, which include major central banks, were awarded 49.4 percent, well above the 47 percent average. Direct bidders, which includes domestic money managers, brought 15.5 percent, versus a recent average of 18 percent.
In the wake of the auction data, the 10-year Treasury is up 4/32 in price, with the yield at 1.97 percent.
The 30-year bond pared some gains after the announcement and was last trading up 14/32 in price, leaving the yield at 2.57 percent, compared to 2.55 percent before the auction.
U.S. Treasury prices pulled up from overnight lows on Thursday as weaker-than-expected U.S. retail sales and weekly jobless claims reports inserted some caution into the economic backdrop and forecasting of U.S. monetary policy.
The data, which showed U.S. consumer spending barely rebounded in January suggests economic growth was slow in the first quarter, and caused a knee-jerk reaction to buy.
The number of American's filing for first-time jobless claims rose more than expected last week, however the underlying trend remains consistent with a strengthening labor market.
Investors, seeing a potential deescalation in the conflict between Ukraine and Russian-backed separatists in the wee hours of Thursday with a new cease-fire agreement, had trimmed their positions in safe-haven U.S. Treasurys.
"The overnight news on the ceasefire was positive on the geopolitical front, and Treasurys sold off. However, the data this morning on retail sales and jobless claims turned it around. Nothing more complicated than that," said Michael Pond, global head of inflation market strategy at Barclays in New York.
Just ahead of the retail sales and jobless claims reports the benchmark 10-year U.S. Treasury was down close to half a point in price, keeping the yield above the 2 percent mark.